Loan is 9000 dollars for three years at a interest rate of 12%.
3 years = 36 payments (1 per month)
monthly int = 12%APR/ 12 = .12/12 = .01
Present Value PV = 9000
VB2005 express intellisense will provide instructions
Dim pymt as Double
pymt = financial.pmt( 0.12/12, 36,9000, , )
3 years = 36 payments (1 per month)
monthly int = 12%APR/ 12 = .12/12 = .01
Present Value PV = 9000
VB2005 express intellisense will provide instructions
Dim pymt as Double
pymt = financial.pmt( 0.12/12, 36,9000, , )
References :