PMT 17122125400 the result is a monthly payment of 26699 to pay the debt off in two years. We determine the PIA by applying a PIA formula to AIME. The formula we use depends on the year of first eligibility the year a person attains age 62 in retirement cases.
At the request of readers Ive adapted the formula explanation to allow you to calculate periodic additions not just monthly added May 2016.
Imagine for this example that you have a 15-year mortgage. 100000 the amount of the loan r. The formula we use depends on the year of first eligibility the year a person attains age 62 in retirement cases. It also displays the corresponding amortization schedule and related curves.