## TM1 Function for Rules, PAYMT

### PAYMT returns the payment amount of an annuity based on the principal amount, rate, and number of periods.

**Where can the PAYMT****function be used?**Rules and TurboIntegrator

**What is the PAYMT****function?**PAYMT returns the payment amount of an annuity based on the principal amount, rate, and number of periods.

**What is the syntax for PAYMT?**PAYMT(principal, interest, periods)

Principal = The principal amount.

Interest= The interest rate.

Periods = The number of periods in the annuity.

**PAYMT****A demonstration on how to use**Use PAYMT function to calculate payments value of an annuity and apply it in the rule to populate in the Product Scorecard cube.