PMT

PMT payment for annuity

Synopsis

PMT(rate,nper,pv,fv,type)

Arguments

rate: effective annual interest rate

nper: number of periods

pv: present value

fv: future value

type: payment type

Description

PMT calculates the payment amount for an annuity.

Note

If type is 0, the default, payment is at the end of each period. If type is 1, payment is at the beginning of each period.

See also

PV, FV, RATE, ISPMT.