CAS 6


pmt1
- Financial

Summary

Compute principal and interest payment. Replaces pandi and pandi360.

Examples

 pmt 9.5 360 100000 
pmt 9.5 360 100000 50000 
19991231 'ACT/360' pmt 9.5 360 100000

Syntax

(FreqOrDate( (DayCount) pmt Rate Term (OrigBal) (Balloon) (Type)

Left Arguments

Name Data Type Input Type Description Optional Default
FreqOrDate Numeric, Date Field, Constant Frequency Yes 12
DayCount Text Field, Constant 'ACT/ACT','ACT/360','30/360' Yes 30/360

Right Arguments

Name Data Type Input Type Description Optional Default
Rate Numeric Field, Constant Coupon Rate No
Periods Numeric Field, Constant Number of periods remaining No
OrigBal Numeric Field, Constant Original or current balance Yes 1
Balloon Numeric Field, Constant Balloon Balance Yes 0
Type Boolean Field, Constant 1=Arrears, 0=Advance Yes 0

Result

Type: Numeric

Monthly payment



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