Javascript PMT with FV

[degroot.ryan@gmail.com]

Hey,

I'm writing a script that will output a PMT similar to Excel. I've
searched the net and I've found a code that works, except if a
FutureValue is required.

Here's what I found (can't remember where, sorry)

function pmt_calc( intrest_rate , months , principal_value , fv ) {
pmt = Math.round( (principal_valu e * intrest_rate) / (1 - Math.pow(1
+ intrest_rate, -months))*100) / 100;
return pmt;
}

Excel's format is :
Pmt( interest_rate, number_payments , PV, FV, Type )

Any suggestions on how to locate a possible fix to include
FutureValue? Or ideas on how to fix it?

Thanks,
Ryan

[degroot.ryan@gmail.com]

Re: Javascript PMT with FV

Oh, some numbers

interest_rate = 0.018125
months = 24
principal_value = 2500
fv = 250


Excel returns 120.98
JS returns 129.39

[degroot.ryan@gmail.com]

Re: Javascript PMT with FV

Think I found a solution. I'm still going to test it out a bit more,
but for now, it's working perfect.

pmt = Math.round(intr est_rate * -(fv-
Math.pow((1+int rest_rate),mont hs)*principal_v alue)/
(-1+Math.pow((1+i ntrest_rate),mo nths))*100) / 100;