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Stored procedures
FinPaymentNb (Function)
In french: FinNbVersement
Returns the number of payments required to pay off a capital according to a given rate.
// Number of necessary payments: the amount of payments
// is set to 7500 Euros,
// the interest rate is set to 5% and the amount borrowed is
// set to 42000 Euros.
ResNbPayment = FinPaymentNb(-7500, 5, 42000)
Syntax
<Result> = FinPaymentNb([<Value of Payment> [, <Rate> [, <Capital>]]])
<Result>: Real
Number of payments to perform. This number can be:
  • negative: a payment must be made;
  • positive: a credit must be made.
<Value of Payment>: Optional real or currency
Value of payment (0 by default). For a credit, this value must be negative.
<Rate>: Optional real
Interest rate, expressed in percentage (1 by default). For example, for a 5% rate, this parameter will be set to 5.
<Capital>: Optional real or currency
Amount of loan (1 by default).
Remarks
Caution: FinPaymentNb returns no error code. To find out whether errors have been generated by this function, use FinError. The wording of the error can be known using the function ErrorInfo with the constant errMessage.
Related Examples:
The financial functions Unit examples (WINDEV): The financial functions
[ + ] Using the main functions for performing financial calculations in WINDEV:
- Calculate the number of repayments
- Calculate the future value of an investment
The financial functions Unit examples (WEBDEV): The financial functions
[ + ] This example presents the main functions for financial calculations of WEBDEV and it allows you to:
- Calculate the number of reimbursements
- Calculate the future value of an investment
The Financial functions 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 : wd260mat.dll
Minimum version required
  • Version 9
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