pmt Function
Applies To: Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012
Calculates the amount that must be paid every period to repay a loan.
real pmt(real principal, real interest, real life)
Parameters
Parameter |
Description |
|---|---|
principal |
The amount that was originally borrowed. |
interest |
The interest that is applied each period to the amount borrowed. |
life |
The number of periods over which the loan is repaid. |
Return Value
The amount that must be paid every period.
Remarks
The life and interest parameters must be expressed in the same time units.
The value of the life parameter must be greater than 0.0.
pmt(4000,0.14,4); //Returns the value 1372.82.
pmt(10000,0.10,20); //Returns the value 1174.60.
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