2.0

Table Of Contents
Functions
Using Calculations - 243
PMT (Payment)
The PMT function returns the payment amount required for a given
principal at a fixed interest rate per period, for a fixed number of payment
periods. It assumes payments are made at the end of each period.
Usage Example
PMT([principal num],[interest rate num],[num periods])
If the principal is $30,000, the annual interest rate is 9% (.75% monthly), and
the number of years is 30
Then the calculation PMT([principal num],[interest rate num],[num periods])
returns 241.39 (approximately)
It is important to have the fields in the proper order as listed above. In a
different example below, the
Monthly Payment
field is calculated based
on entries in the
Loan Amount, Interest Rate,
and
Years
fields.
Position
The Position function returns the starting position of the find string in a
given source string, beginning at the specified starting position of 1 from
the left. If the find string is not found, 0 is returned.
Usage Example
Position([source str],[find str],[start position num])
If a field contains the name Doe, John and you want to find the comma position
Then the calculation Position(“[source str]”,“,”,1) returns 4
In the example below, the Position function locates the comma. Other
functions are then used to extract the last name from the
Customer Name
field and place it in the
Customer Last Name
field.