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Interest:: (4 methods):
payment()
schedulePayment()
rate()
rateNextGuess()
payment($interestRate,$period,$numberOfPeriods,$presentValue,$futureValue = 0,$type = FinancialConstants::PAYMENT_END_OF_PERIOD) X-Ref |
IPMT. Returns the interest payment for a given period for an investment based on periodic, constant payments and a constant interest rate. Excel Function: IPMT(rate,per,nper,pv[,fv][,type]) param: mixed $interestRate Interest rate per period param: mixed $period Period for which we want to find the interest param: mixed $numberOfPeriods Number of periods param: mixed $presentValue Present Value param: mixed $futureValue Future Value param: mixed $type Payment type: 0 = at the end of each period, 1 = at the beginning of each period return: float|string |
schedulePayment($interestRate, $period, $numberOfPeriods, $principleRemaining) X-Ref |
ISPMT. Returns the interest payment for an investment based on an interest rate and a constant payment schedule. Excel Function: =ISPMT(interest_rate, period, number_payments, pv) param: mixed $interestRate is the interest rate for the investment param: mixed $period is the period to calculate the interest rate. It must be betweeen 1 and number_payments. param: mixed $numberOfPeriods is the number of payments for the annuity param: mixed $principleRemaining is the loan amount or present value of the payments |
rate($numberOfPeriods,$payment,$presentValue,$futureValue = 0.0,$type = FinancialConstants::PAYMENT_END_OF_PERIOD,$guess = 0.1) X-Ref |
RATE. Returns the interest rate per period of an annuity. RATE is calculated by iteration and can have zero or more solutions. If the successive results of RATE do not converge to within 0.0000001 after 20 iterations, RATE returns the #NUM! error value. Excel Function: RATE(nper,pmt,pv[,fv[,type[,guess]]]) param: mixed $numberOfPeriods The total number of payment periods in an annuity param: mixed $payment The payment made each period and cannot change over the life of the annuity. param: mixed $presentValue The present value - the total amount that a series of future payments is worth now param: mixed $futureValue The future value, or a cash balance you want to attain after the last payment is made. param: mixed $type A number 0 or 1 and indicates when payments are due: param: mixed $guess Your guess for what the rate will be. return: float|string |
rateNextGuess($rate, $numberOfPeriods, $payment, $presentValue, $futureValue, $type) X-Ref |
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