pmt {tvm}

The value of the payment of a loan with constant payments (french type amortization)

Description

The value of the payment of a loan with constant payments (french type amortization)

Usage

pmt(amt, maturity, rate)

Arguments

amt

The amount of the loan

maturity

The maturity of the loan

rate

The rate of the loan

Details

The periodicity of the maturity and the rate must match, and this will be the periodicity of the payments

Examples

pmt(amt = 100, maturity = 10, rate = 0.05)