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maarten00 / pmt.js
Created March 19, 2015 09:56
Excel PMT in PHP and JavaScript
/**
* Copy of Excel's PMT function.
* Credit: http://stackoverflow.com/questions/2094967/excel-pmt-function-in-js
*
* @param rate_per_period The interest rate for the loan.
* @param number_of_payments The total number of payments for the loan in months.
* @param present_value The present value, or the total amount that a series of future payments is worth now;
* Also known as the principal.
* @param future_value The future value, or a cash balance you want to attain after the last payment is made.
* If fv is omitted, it is assumed to be 0 (zero), that is, the future value of a loan is 0.