(17B/19B) GPM: initial payment
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05-25-2024, 11:52 PM
Post: #11
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RE: (17B/19B) GPM: initial payment
To solve PMT with growing payments we have:
PV+ {PMT×(v^12-1)/i ×[Sum, (1.075/1.01)^j, j=0..(5-1)] + PMT×[v^(360-12×5)-1)/i]×(1.075/1.01^12)^5 }=0, with v=1/1.01, i=0.01 Then PV+PMT× {(v^12-1)/i ×[Sum, (1.075/1.01)^j, j=0..(5-1)] + [v^(360-12×5)-1)/i]×(1.075/1.01^12)^5 }=0, with v=1/1.01, i=0.01 Then PMT=-PV /{(v^12-1)/i ×[Sum, (1.075/1.01)^j, j=0..(5-1)] + [v^(360-12×5)-1)/i]×(1.075/1.01^12)^5} That's plain and easy. Trickier is to find i. |
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