FinRepayVal (Function)

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FinRepayVal (Function)

In french: FinValRemboursement

Returns the amount of each regular payment for an investment with fixed interest rate and fixed payment.

Note: The value returned by FinRepayVal includes the payment of the principal and the interests.

Versions 17 and later

This function is now available for iPhone/iPad applications.

New in version 17

This function is now available for iPhone/iPad applications.

Versions 18 and later

This function is now available in Windows Store apps mode.

New in version 18

This function is now available in Windows Store apps mode.

Versions 21 and later

This function is now available in Universal Windows 10 App mode.

New in version 21

This function is now available in Universal Windows 10 App mode.

Versions 23 and later

This function is now available for Java applications.

This function is now available in Android Widget mode.

This function is now available for Android applications.

New in version 23

This function is now available for Java applications.

This function is now available in Android Widget mode.

This function is now available for Android applications.

This function is now available for Java applications.

This function is now available in Android Widget mode.

This function is now available for Android applications.

Example

See additional examples

// Amount of regular payments. The initial capital is set to 100000 Euros.
// The payments are paid each month during 2 years.
// The interest rate is set to 8%.
ResRepayVal = FinRepayVal(100000, 24, 8)

Syntax

<Result> = FinRepayVal([<Initial Capital> [, <Number of Periods> [, <Rate>]]])

<Result>: Real or currency

Amount of the regular payments.

<Initial Capital>: Optional real or currency

Initial capital (0 by default). This parameter indicates the amount on which the calculation must be performed.
In the "standard" case of a borrower, this capital is borrowed and therefore it corresponds to a negative value.
If this parameter is positive, the calculation is performed for a lender. The returned value is negative: this value corresponds to the amount that must be paid.

<Number of Periods>: Optional integer

Total number of periods for the operation (1 by default).

<Rate>: Optional real

Interest rate of investment expressed in percentage (1 by default). For example, for a 5% rate, this parameter will be set to 5.

Remarks

Time unit

The calculations can be performed according to months or years. <Rate> and <Period> must correspond to the same unit.

Therefore, for monthly payments of a 4-year loan with a yearly interest rate set to 12%, use:

<Rate> = 12% / 12,
<Number of Periods> = 4*12

For the same loan with yearly payments, use:

<Rate> = 12%,
<Number of Periods> = 4

For all the parameters, the payments are represented by a negative number while the collections are represented by a positive number.

Managing errors

Caution: FinRepayVal returns no error code. To find out whether errors have been generated by this function, use FinError. To find out the error details, use ErrorInfo associated with the errMessage constant.

Related Examples:

Complete examples (WINDEV): WD Loan

[ + ] The power of WINDEV and the ease-of-use of WLanguage have allowed us to develop this application within a single day!

This example is used to simulate loans and to:
- calculate the amount of the monthly repayments from the amount borrowed
- calculate the amount that can be borrowed from a given monthly repayment
- calculate the income of an investment from a monthly payment

For each case, you have the ability to view the amortization table corresponding to your parameters.

Unit examples (WINDEV Mobile): The Financial functions

[ + ] Use of financial functions.
This example calculates the number of payments needed to pay back a loan, the total cost of a loan as well as the interests returned by an investment.

Component : wd250mat.dll