Note: In order to use the spreadsheet examples, you need to download Business Functions
|PmtM (PresentValue, InterestAER, TermYrs, PmtsPerYear, [FVOpt])|
|Annual Payment of an annuity allowing for different periodicity of payments per year|
|Calculates the annual rate of payment of a simple annuity, taking into account that the annual payments specified may take place during the course of the year.|
Sign Convention: BF follows Excel"s sign convention, which can occasionally cause confusion.