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What does PMT stand for

  Asked By: Lorraine    Date: Sep 03    Category: MS Office    Views: 3151
  

AllCan Anyone Let me know what does \'PMT\' stands for?. I Know it is used
for finding EMIs but what does PMT means, similarly there area other functions
like PPMT, IPMT.

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1 Answer Found

 
Answer #1    Answered By: Bernadette Daniels     Answered On: Sep 03

Some common financial abbreviations are:

APR - Annual Percentage Rate
EMI - Equated Monthly Installment
FV - Future Value
IPMT - Interest Payment
NPER - Number of Payments (N)
PMT - Payment
PPMT - Principal Payment
PV - Present Value
RATE - Interest per year (also APR) (I/Y on calculators)

 
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