>We have an old FoxPro for Dos program that uses the Payment function, The original Developers are long gone. The user would to know how the calculation is done. Syntax is
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> payment = PAYMENT(loanamount,interest/payment, numberofpayments)
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>For example if loanamount is 3500, interest is 9.5, and number of payments of payments is 24 then interest is .095/24 and payment is 153.16.
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>Home is this caluclated?
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>Any help appreciated.

Claude - if you have HackFox, check out the Payment() topic. There's some discussion of what it's actually computing and what you need to pass.

Tamar