Libroffice PMT equivalent in python
Michael Marshall
mikefromgreenburghnewyork at gmail.com
Sun May 5 00:05:16 EDT 2013
On Saturday, May 4, 2013 11:37:17 PM UTC-4, Michael Marshall wrote:
> 4) Partial period payment
>
> But then if the NPER has a fraction, you may still opt to pay or collect the payment at the actual time period but the amount you pay is the fraction of time period times the remaining principal. Thus if the NPER is 10.5 you make the last payment at the end of 10 years and 6 months in amount of 0.5 * remaining_principal
>
EDIT
Meant to write
But then if the NPER has a fraction, you may still opt to pay or collect the payment at the actual time period but the amount you pay is the fraction of time period times the periodic payment. Thus if the NPER is 10.5 you make the last payment at the end of 10 years and 6 months in amount of 0.5 * periodic_payment
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