PMTT() - Loan with constant amount towards principal

Each period payment has a constant amount applied toward the principal and a varying amount of interest.

Returns

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

Arguments

Type	Field	Description
double	dPrincipal	Loan principal
double	dConstant	Constant repay amount
double	dInt	Periodic interest rate
long	lPeriods	Total number of periods

16 bit DLL declarations

PowerBuilder Function declaration

function double PMTT(double dPrincipal, double dConstant, double dInt, long lPeriods) library "IFL16.DLL"

Visual Basic Function declaration

Declare Function PMTB lib "IFL16" (ByVal dPrincipal As Double, ByVal dConstant As Double, ByVal dInt as Double, ByVal lPeriods As Long) As Double

C/C++ Synopsis

#include "function.h"

double PMTT(double dPrincipal, double dConstant, double dInt, long lPeriods)

32 bit DLL declarations

PowerBuilder Function declaration

function double PMTT(double dPrincipal, double dConstant, double dInt, long lPeriods) library "IFL32.DLL"

Visual Basic Function declaration

Declare Function PMTB lib "IFL32" (ByVal dPrincipal As Double, ByVal dConstant As Double, ByVal dInt as Double, ByVal lPeriods As Long) As Double

C/C++ Synopsis

#include "function.h"

double PMTT(double dPrincipal, double dConstant, double dInt, long lPeriods)

Example:

dPrincipal	=	60,000
dConstant	=	5000
dInt	=	0.05	(5%)
dPeriods	=	2

Result: $ 7,750