Rule Functions

TM1 Function for Rules – PAYMT

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.