Difference between revisions of "Periods Command"

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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>Periods[10%/12, -200, -400, 10000]</nowiki></code> yields a number of payments of 39.98. </div><div><code><nowiki>Periods[10%/12, -200, -400, 10000, 1]</nowiki></code> yields a number of payments of 39.7.</div>}}
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:{{example| 1=<div><code><nowiki>Periods[10%/12, -200, -400, 10000]</nowiki></code> yields a number of payments of 39.98. </div><div><code><nowiki>Periods[10%/12, -200, -400, 10000, 1]</nowiki></code> yields a number of payments of 39.7.</div> {{note|1= If you make monthly payments on an annual interest rate of 10 percent, use 10%/12 for <code><nowiki><Rate></nowiki></code>.}}}}
{{note|1= If you make monthly payments on an annual interest rate of 10 percent, use 10%/12 for <code><nowiki><Rate></nowiki></code>.}}
 
 
{{note|1= For all arguments, cash paid out is represented by negative numbers and cash received  by positive numbers.}}
 
{{note|1= For all arguments, cash paid out is represented by negative numbers and cash received  by positive numbers.}}

Revision as of 09:42, 13 August 2014



Periods[ <Rate>, <Payment>, <Present Value>, <Future Value (optional)>, <Type (optional)> ]
Returns the number of periods for an annuity based on periodic, fixed payments and a fixed interest rate.
  • <Rate> Interest rate per period.
  • <Payment> The amount paid in each period.
  • <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:
Periods[10%/12, -200, -400, 10000] yields a number of payments of 39.98.
Periods[10%/12, -200, -400, 10000, 1] yields a number of payments of 39.7.
Note: If you make monthly payments on an annual interest rate of 10 percent, use 10%/12 for <Rate>.
Note: For all arguments, cash paid out is represented by negative numbers and cash received by positive numbers.
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