Difference between revisions of "Payment Command"
From GeoGebra Manual
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*<b><Type (optional)></b> 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. | *<b><Type (optional)></b> 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| 1=<div><code><nowiki>Payment[6%/12, 10, 10000, 0,1]</nowiki></code> yields a monthly payment for a loan of -1022.59. </div>}} | ||
{{note|1=Make sure that you are consistent about the units you use for <code><nowiki><Rate></nowiki></code> and <code><nowiki><Number of Periods></nowiki></code>. 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.}} | {{note|1=Make sure that you are consistent about the units you use for <code><nowiki><Rate></nowiki></code> and <code><nowiki><Number of Periods></nowiki></code>. 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.}} | ||
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Revision as of 09:47, 11 August 2014
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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.
