The iteration used to compute
×
0
=
PV
+
PMT
×
⁄
I%
=
100
C Y
where:
=
x
i
÷
=
y
P/Y
C/Y
×
G
=
1
+
i
k
i
where:
k
= 0 for end-of-period payments
k
= 1 for beginning-of-period payments
×
PMT
G
⎛
i
----------------------------------------------
ln
⎝
×
PMT
G
i
N
=
--------------------------------------------------------- -
(
ln
1
+
where:
ƒ 0
i
– PV
(
)
N
=
+
FV
where:
0
i =
– i
×
-----
PMT
=
PV
G
i
where:
ƒ 0
i
– PV
(
PMT
=
+
FV
where:
0
i =
×
PMT
G
PV
=
------------------------ FV
i
where:
ƒ 0
i
– FV
(
PV
=
+
PMT
where:
0
i =
×
PMT
G
i
FV
=
------------------------
i
:
i
–
N
(
)
1
–
1
+
i
------------------------------
G
+
FV
i
i
(
×
(
)
)
y
ln
x
+
1
×
[
]
e
–
1
×
–
FV
i
⎞
⎠
×
+
PV
i
)
i
÷
PMT
PV
+
FV
+
--------------------------- -
N
(
)
1
+
i
–
1
)
÷
N
PMT
1
i
×
–
------------------ -
–
------------------------
N
(
)
1
+
i
×
)
N
PMT
⎛
N
(
)
×
–
1
+
i
PV
+
------------------------
⎝
–
N
×
(
)
1
+
i
×
G
i
i
×
G
⎞
i
⎠
i
Appendix B: Reference Information
388