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AndyGee

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    excel PMT formula to PHP help ?

    in PHP Coding Help

    Posted · Edited by AndyGee

    Something like this?

    function pmt($apr, $loanlength, $loanamount){
    $apr /= 1200;
    return ($apr * -$loanamount * pow((1 + $apr), $loanlength) / (1 - pow((1 + $apr), $loanlength)));
}

    for 18%APR over 8 months on a principal of 1099
     

    pmt(18, 8, 1099);

    =146.80884303075

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