PAYMT returns the payment amount of an annuity based on the principal amount, rate, and number of periods.
Available In
Rules and TurboIntegrator
Definition
PAYMT returns the payment amount of an annuity based on the principal amount, rate, and number of periods.
Syntax
PAYMT(principal, interest, periods)
Principal = The principal amount.
Interest= The interest rate.
Periods = The number of periods in the annuity.
Video Demo
Use PAYMT function to calculate payments value of an annuity and apply it in the rule to populate in the Product Scorecard cube.
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