FinDecreasingRedemption (Example)

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Value of a fixed-rate amortization

FinDecreasingRedemption (Example)

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Value of a fixed-rate amortization

The following code is used to find out the value of an amortization. The acquisition cost and the residual value of the good, the duration of the amortization, the period over which the amortization must be calculated and the number of months in the first year of amortization are entered by the user in edit controls (EDT_Cost, EDT_ResidualVal, EDT_Duration, EDT_Period, EDT_NbMonths).

// -- Click code on BTN_AmortizationVal
// Declare the variable
ResAmortizationVal is real
// Calculate the amortization value
ResAmortizationVal = FinDecreasingRedemption(EDT_Cost, EDT_ResidualVal, ...
		EDT_Duration, EDT_Period, EDT_NbMonths)
IF ResAmortizationVal <> 0 THEN
	// Display the result
	Info("The amortization value is: " + ResAmortizationVal)
ELSE
	IF ResAmortizationVal = 0 THEN
		IF FinError() = 0 THEN
			Info("The amortization value is null")
		ELSE
			// Display the error message
			Error(ErrorInfo(errMessage))
		END
	END
END