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payodd
Payment of loan or annuity with odd first period
Syntax
Payment = payodd(Rate,NumPeriods,PresentValue,FutureValue,Days)
Arguments
| Interest rate per period. Enter as a decimal fraction. |
| Number of periods in the life of the instrument. |
| Present value of the instrument. |
| Future value or target value to be attained after |
| Actual number of days until the first payment is made. |
Description
Payment = payodd(Rate,NumPeriods,PresentValue,FutureValue,Days) returns
the payment for a loan or annuity with an odd first period.
