Boston College
If we enter values for the arguments Pv, Nper and Rate, the PMT function solves Equation (E2.3) for the payment per period, while if we enter values for the arguments Fv, Nper and Rate, the PMT function solves Equation (E2.4) for the payment per period. ... To make the calculation, you can keep a running sum of the cash flows, year by year, and ... ................
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