amort(rate;remterm;months)

Returns the mortgage amortization.

Syntax

amort(rate;remterm;months)

Input

Argument Type Description
rate integer or decimal The annual rate expressed as a percentage

A scalar value or the name of a column

remterm integer The remaining term in months

A scalar value or the name of a column

months integer The number of months of amortization

A scalar value or the name of a column

Note: One of the arguments must reference a column.

Return Value

Returns the amortized balance expressed as a decimal fraction of the current balance.

If any argument is N/A, the result is N/A. If any argument is negative, the result is N/A.