How to get PMT Value in oracle ?

Hi All,
I need to calculate PMT Value,
There is Excel function for PMT ==> PMT(rate,nPer,PV, (FV),(TYPE))
i have to calculate it using pl/sql.
Any body can help how to get PMT VAlue in PL/SQL?
Thanks for your help.
Regards,
Iwanto

There is no built-in function in Oracle to calculate payment, but the formula is easy to find. If you look at the Excel help for the PV function, you should find the formula Excel uses to calculate it. You can rearrange the calculation in terms of payment. If FV and TYPE are 0, then the calculation is
PV*rate*power((1+rate),nPer)/(power((1+rate),nPer) - 1)You don't really need PL/SQL to do this.
Regards,
Bob

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