## Documentation Center |

Amortization schedule

`[Principal, Interest, Balance, Payment] = amortize(Rate,`

NumPeriods, PresentValue, FutureValue, Due)

| Interest rate per period, as a decimal fraction. |

| Number of payment periods. |

| Present value of the loan. |

| (Optional) Future value of the loan. Default = 0. |

| (Optional) When payments are due: 0 = end of period (default), or 1 = beginning of period. |

`[Principal, Interest, Balance, Payment] = amortize(Rate,
NumPeriods, PresentValue, FutureValue, Due)` returns the principal and interest payments of a loan,
the remaining balance of the original loan amount, and the periodic
payment.

| Principal paid in each period. A |

| Interest paid in each period. A |

| Remaining balance of the loan in each payment period.
A |

| Payment per period. A scalar. |

Was this topic helpful?