OPCV() - Odd period calculation with variable period term

Calculates the payment of the first full payment. The period from the date that interest begins accruing to the date of the first payment, when not equal to the regular payment period, is sometimes referred to as an odd first period.

Returns

Double value if successful. If an error occurs, this function returns a zero.

Arguments

Type	Field	Description
double	dPrincipal	Loan principal
double	dBalloon	Balloon payment
double	dInt	Interest percentage per period
long	lTerm	Total number of payments
long	lDays	Actual number of days until the first payment
long	lPeriodSize	Length of period in days

16 bit DLL declarations

PowerBuilder Function declaration

function double OPCV(double dPrincipal, double dBalloon, double dInt, long lTerm, long lDays, long lPeriodSize) library "IFL16.DLL"

Visual Basic Function declaration

Declare Function OPCV lib "IFL16" (ByVal dPrincipal As Double, ByVal dBalloon As Double, ByVal dInt As Double, ByVal lTerm As Long, ByVal lDays As Long, lPeriodSize As Long) As Double

C/C++ Synopsis

#include "function.h"

double OPCV(double dPrincipal, double dBalloon, double dInt, long lTerm, long lDays, long lPeriodSize)

32 bit DLL declarations

PowerBuilder Function declaration

function double OPCV(double dPrincipal, double dBalloon, double dInt, long lTerm, long lDays, long lPeriodSize) library "IFL32.DLL"

Visual Basic Function declaration

Declare Function OPCV lib "IFL32" (ByVal dPrincipal As Double, ByVal dBalloon As Double, ByVal dInt As Double, ByVal lTerm As Long, ByVal lDays As Long, lPeriodSize As Long) As Double

C/C++ Synopsis

#include "function.h"

double OPCV(double dPrincipal, double dBalloon, double dInt, long lTerm, long lDays, long lPeriodSize)

Example:

dPrincipal	=	4500
dBalloon	=	0
dInt	=	0.00625	(0.625%)
lTerm	=	36
lDays	=	46
lPeriodSize	=	15	15 = bi-monthly 30 = monthly

Result: $ -78.81