PMT documentation
Wade Arnold
wade at t8design.com
Tue Oct 4 03:52:39 EDT 2005
I was reading through the documentation tonight trying to figure out a
little finance along with learning how to migrate from excel. One of
the examples that you have is how to calculate a loan. I walked through
the example in 7.4.1 and received the proper payment of 473.30. I did
the same thing in excel and it matched! I then tried to follow the math
in 7.4.3.3 for calculating PMT. I have always wondered what all of
those finance functions actually did! Needless to say I am confused as
to why the result of PMT for the formula is -33333.3 and not -473.30
like we receive from the application in a cell.
I know that this is not a pressing issue but after reviewing it for the
better part of two hours I would love to know!
Wade Arnold
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