payment

Function

(Added in SenseTalk 2.13)

Returns the payment amount on a loan. This function takes loan properties as inputs in the form of the total loan amount (or principal), interest rate, term, and frequency of payments.

Example:

put payment on a $500 loan at 6% interest for 12 months --> returns $43.033215

Further Reading

Resources in our other reference manuals:

• Payment Function

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note

This page is under construction: it has not been reviewed for completeness.