Payment Formula

[newboy1218]

Hi, does anyone know the formula behind the payment function in SAS? I need to replicate this somewhere else with future value being none 0. Thank you!

PMT(rate, number-of-periods, principal-amount[, future-amount][, type])

[JOL]

See documentation:

FINANCE PMT Function

[newboy1218]

Thank you for the response. I saw that doc as well, but in there, there is no formula.. Do you know the formula?

[JOL]

No, sorry.

[newboy1218 · Accepted solution]

Oh nvm, I found it:

https://financeformulas.net/Loan_Balloon_Balance.html