PMT

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 rate

• Nper -> Number of periods: the number of payments to be made

• Pv -> Present value:  the current value of the annuity

• Fv ->  [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 number

• Providing 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.
  

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