|Introduction: 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.