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    Payment

    Calculate the payment for an investment.

    Declaration

    Source position: math.pp line 938

    function Payment(ARate: Float; NPeriods: Integer; APresentValue: Float; 
                AFutureValue: Float; APaymentTime: TPaymentTime) : Float;

    Description

    Payment calculates the amount that must be payed (PMT) during number of periods (n) needed to obtain future value of an investment in the cash flow formula (see CashFlowFunctions). The function result is the amount (PMT) that must be paid in order to obtain a future value AFutureValue for an investment of a start value APresentValue (PV), where the amount must be payed NPeriods (PMT) and the interest rate isARate (q).

    The APaymentTime parameter determines whether the investment (payment) is an ordinary annuity or an annuity due: ptEndOfPeriod NumberOfPeriods must be used if payments are at the end of each period. If the payments are at the beginning of the periode, ptStartOfPeriod must be used.

    See also

    Name Description
    FutureValue Calculate the future value of an investment.
    InterestRate Calculate the interest rate value of an investment.
    NumberOfPeriods Calculate the number of periods for an investment.
    PresentValue Calculate the present value given the future value of an investment.
    TPaymentTime Type used in financial (interest) calculations.
    CashFlowFunctions Cash flow functions.