Payment Patterns

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The payment solution cells are contained in the Payments Grid.  For any given solution, the number of payment solution cells equals Term.

 

Payment solution cell values have significance when complex solutions are required, or when solving for brokerage, loan amount, rate, residual or term.

 

As a default, Profloan sets all payment solution cells to -1.

 

 

Value

Description

 -1

Calculate the nominal payment value

 -n.nn

Calculate the nominal payment value * absolute(n.nn).  Where n.nn has a range of -0.01 down to Nominal Payment Multiplier

 0

Fixed Payment = $0, or no payment for that period (month).

 > 0

Fixed payment amount greater than $0

< Nominal Payment Multiplier

The Absolute value will be added to the nominal payment.  E.G. -1000 will add $1,000 to the nominal payment.