TM1 Function for Rules, PAYMT
PAYMT returns the payment amount of an annuity based on the principal amount, rate, and number of periods.
Where can the PAYMT function be used?
Rules and TurboIntegrator
What is the PAYMT function?
PAYMT returns the payment amount of an annuity based on the principal amount, rate, and number of periods.
What is the syntax for PAYMT?
PAYMT(principal, interest, periods)
Principal = The principal amount.
Interest= The interest rate.
Periods = The number of periods in the annuity.
A demonstration on how to use PAYMT
Use PAYMT function to calculate payments value of an annuity and apply it in the rule to populate in the Product Scorecard cube.