Hello,
When PMT=0, N is the number of years
But there’s payment (PMT # 0), N should be the number of payment (not the number of years if there more than 1 compounding per year)
Do you know what the reason behind it?
Legolas
Hello,
When PMT=0, N is the number of years
But there’s payment (PMT # 0), N should be the number of payment (not the number of years if there more than 1 compounding per year)
Do you know what the reason behind it?
Legolas