Filemaker Pro 8.5 Educational Maintenance T3 TJ083LL/A User Manual

In the following example, the PMT function calculates payments for purchasing a sports 

car costing $21,000, at an annual rate of 6.9% over 48 monthly payments.

PMT(21000;.069/12;48) returns the payment amount 

.

PMT(Cost;.13;Years) returns a payment amount, based on the purchase value 

stored in Cost, at a 13 percent rate, over the duration stored in Years.

“Your payment will be “ & PMT(150000;.13/12;Months) & “.” returns 

, followed by the payment amount, based on a total cost of $150,000, at 

a 13 percent annual percentage rate, over the duration stored in Months.

PV(payment;interestRate;periods)

payment - payment amount to be made per period. Type a negative number for money 

you pay and a positive number for money you receive.

interestRate - interest rate per period.
periods - number of periods (intervals between payments).

number

Returns the present value of a series of equal payments made at regular intervals 

(periods), assuming a fixed interestRate per interval.

When interestRate is 0, this function returns the result of payment * periods.

Your cousin borrowed $2,000 from you, offering to pay you back $500 a year for five 
years, for a total of $2,500 at the end of five years. If inflation was 5 percent annually, with 
the following entry you could find out what those payments are worth with the PV

function.

PV(500;.05;5) returns 

.

If you want the return value to return two decimal places, enclose the formula with the 
correct Round function: Round(Current Formula;2).

PV

payment * 

1

1 interestRate

+

(

)

–

periods

–

interestRate

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