{"id":121456,"date":"2022-05-17T16:59:11","date_gmt":"2022-05-17T11:29:11","guid":{"rendered":"https:\/\/www.mapsofindia.com\/my-india\/?p=121456"},"modified":"2022-05-17T16:59:11","modified_gmt":"2022-05-17T11:29:11","slug":"name-and-explain-the-function-which-returns-the-future-value-of-an-investment-which-has-constant-payment-and-interest","status":"publish","type":"post","link":"https:\/\/www.mapsofindia.com\/my-india\/education\/name-and-explain-the-function-which-returns-the-future-value-of-an-investment-which-has-constant-payment-and-interest","title":{"rendered":"Name and explain the function which returns the future value of an investment which has constant payment and interest."},"content":{"rendered":"<h2>Name and explain the function which returns the future value of an<br \/>\ninvestment which has constant payment and interest.<\/h2>\n<h3>Answer.<br \/>\nPMT: The PMT function calculates the periodic payment for an annuity<br \/>\nassuming equal payments and a constant rate of interest. The syntax of<br \/>\nPMT function is as follows: =PMT (rate, nper, pv, [fv], [type]) where<br \/>\nRate is the interest rate per period,<br \/>\nNper is the number of periods,<br \/>\nPv is the present value or the amount the future payments are worth<br \/>\npresently, future value or cash balance that after the last payment is<br \/>\nmade (a future value of zero when we omit this optional argument) Type<br \/>\nis the value 0 for payments made at the end of the period or the value<br \/>\n1 for payments made at the beginning of the period.<br \/>\nThe PMT function is often used to calculate the payment for mortgage<br \/>\nloans that have a fixed rate of interest.<\/h3>\n","protected":false},"excerpt":{"rendered":"<p>Name and explain the function which returns the future value of an investment which has constant payment and interest. Answer. PMT: The PMT function calculates the periodic payment for an annuity assuming equal payments and a constant rate of interest. The syntax of PMT function is as follows: =PMT (rate, nper, pv, [fv], [type]) where [&hellip;]<\/p>\n","protected":false},"author":21830,"featured_media":121365,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":{"0":"post-121456","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-education"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/posts\/121456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/users\/21830"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/comments?post=121456"}],"version-history":[{"count":1,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/posts\/121456\/revisions"}],"predecessor-version":[{"id":121457,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/posts\/121456\/revisions\/121457"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/media\/121365"}],"wp:attachment":[{"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/media?parent=121456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/categories?post=121456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/tags?post=121456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}