Difference between revisions of "Payment Command"
From GeoGebra Manual
Noel Lambert (talk | contribs) (type = financial) |
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− | <noinclude>{{Manual Page|version=5.0}}</noinclude>{{command| | + | <noinclude>{{Manual Page|version=5.0}}</noinclude>{{command| financial}}{{betamanual|version=5.0}} |
;Payment[ <Rate>, <Number of Periods>, <Present Value>, <Future Value (optional)>, <Type (optional)> ] | ;Payment[ <Rate>, <Number of Periods>, <Present Value>, <Future Value (optional)>, <Type (optional)> ] |
Revision as of 07:52, 12 August 2014
This page is about a feature that is supported only in GeoGebra 5.0. |
- Payment[ <Rate>, <Number of Periods>, <Present Value>, <Future Value (optional)>, <Type (optional)> ]
- Calculates the payment for a loan based on constant payments and a constant interest rate.
- <Rate> Interest rate per period.
- <Number of Periods> Total Number of payments for the loan.
- <Present Value> Total amount that a series of future payments is worth now.
- <Future Value (optional)> A cash balance you want to attain after the last payment. If you do not enter a future value, it is assumed to be 0.
- <Type (optional)> Indicates when payments are due. If you do not enter a value or you enter 0 the payment is due at the end of the period and if you enter 1 at the beginning.
- Example:
Payment[6%/12, 10, 10000, 0,1]
yields a monthly payment for a loan of -1022.59.
Note: Make sure that you are consistent about the units you use for
<Rate>
and <Number of Periods>
. If you make monthly payments on a four-year loan at an annual interest rate of 12 percent, use 12%/12 for rate and 4*12 for number of payments.