PAYMT function for IBM Planning Analytics (TM1)
Where can the PAYMT function be used?
Which TM1 Server version is the PAYMT function available for?
What is the syntax for PAYMT?
- Payment = The principal amount.
- Interest = The interest rate.
- Periods = The number of periods in the annuity.
Relevant Functions
- FV = Returns the future value of an annuity at the time of the last payment
- PAYMT = Returns the payment amount of an annuity based on the principal amount, rate, and number of periods
- PV = Returns the initial or principal value of an annuity