# PMT

## [data-colorid=tlzh1bp5kr]{color:#1f1f1f} html[data-color-mode=dark] [data-colorid=tlzh1bp5kr]{color:#e0e0e0}[data-colorid=exziil9qfk]{color:#1f1f1f} html[data-color-mode=dark] [data-colorid=exziil9qfk]{color:#e0e0e0}[data-colorid=algw66dyay]{color:#1f1f1f} html[data-color-mode=dark] [data-colorid=algw66dyay]{color:#e0e0e0}[data-colorid=tvy9mnizzh]{color:#1f1f1f} html[data-color-mode=dark] [data-colorid=tvy9mnizzh]{color:#e0e0e0}Basic Overview

Description Calculates the periodic payment required for a recurring investment based on a constant interest rate, a number of recurring payments and a present value and either ordinary annuity or annuity due (type) indicating whether payments are due at the beginning or the end of period. PMT('Rate', 'Nper', 'Pv' [,  'Fv' , ["Type"]]) Rate -> The interest rateNper -> Number of periods: the number of payments to be madePv -> Present value:  the current value of the annuityFv ->  [Optional] - Future value: the future value remaining after the final payment has been made. If not entered, 'Fv' is set to 0.Type -> [Optional] type (1=pmt at beginning of period (Annuity Due), 0=pmt at end of period (Ordinary Annuity)). By default 'Type' is set to 0. Argument 'Pv' is the leading input node.A leading input node is a function argument, for which we assume the levels to be correct. All other input nodes need to have the same dimensionality.Each input node can be a single numberProviding all inputs with the same dimensionality results in a noticeable performance improvement All other inputs must not contain levels that are not in the leading input node 'Pv'. All level values that are in the leading input node  'Pv' , must be in all the other input nodes.

## Example

Rate(Interest Rate) 0,03 24 6000 0 0 PMT(Rate, Nper, Pv, Fv, Type) -354,28*the result is negative as it is marked as a payment
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