Pmt

The Pmt function returns the periodic payment for an annuity based on constant payments and a constant interest rate.

Usage:

	= Pmt(<rate>,<nper>,<pv>,[<fv>],[<type>]);

Rate is the interest rate per period.

Nper is total number of payment periods in an annuity.

Pv is the present value -- the total amount that a series of future payments is worth now.

Fv is the future value you want to attain after the last payment is made. Fv is optional and assumed to be 0.

Type is the number 0 or 1 and indicates when the payments are due. Type is optional and assumed to be 0. 0 is for the end of the period. 1 is for the beginning of the period.

Example:

	/* returns -$1037.03 */
	= Pmt(8% / 12, 10, 10000, 0, 0)