Payments Periodic family
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Functions that make discrete payments periodically at regular intervals. The family is very similar to the Payments family except that the payments repeat at intervals.
| Component | What the name means |
|---|---|
| MkPmtsPer | Make a sequence of Payments Periodically |
| MkPmtsPerGrow | Make a sequence of payments periodically with growth |
| MkPmtsPerFcst | Make a sequence of payments according to a forecast |
| MkPmtsIdxPer | Make a sequence of Payments Periodically, where the payments are grown by an Index |
The Periodic Payments family is about making repetitive discrete payments at regular intervals. This family enables you to time payments, for example, 30 months, that grow with inflation.
- The basic function takes a series of payments and repeats them at periodic intervals (MkPmtsPer).
- The Grow feature is added to the basic type to give MkPmtsGrow. These functions make the initial payment or set of payments according to the payments specified, but then subsequent payments are grown according to one or more supplied percentage growth rates.
- The Fcst feature is added to the basic type to give MkPmtsFcst. These functions look up to see if a payment is due in a particular timeperiod, but then determine the level of the payment by reference to a forecast.