## Glossary of ISOM terms

Created by ddeetz

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- returns the interest payment for a given period for an investment, based on periodic, constant payments and a constant inerest rate
- IPMT

- total number of payment periods in an investment
- Nper

- Caculates the payment for a loan based on constant payments and a constant interest rate
- PMT

- returns internal rate of return for a series of cash flows
- IRR

- returns the future value of an investment based on periodic, constant, payments and a consant interest rate
- FV

- payment made in each period
- pmt

- Calculates the amount of a loan payment devoted to paying the loan interest, where per is the number of the payment period
- PPMT

- IMPT+PPMT=____
- PMT

- present value
- PV

- Calculates the amount of a loan payment devoted to paying off the principal
- PPMT for real!!!