Example: Periodic Payments

import com.imsl.finance.*;
import java.text.NumberFormat;

public class pmtEx1 {

    public static void main(String args[]) {
        double rate = .08;
        int nper = 25;
        double pv = 100000.00;
        double fv = 0.0;
        int when = Finance.AT_END_OF_PERIOD;

        double pmt = Finance.pmt(rate, nper, pv, fv, when);
        System.out.println("The payment due each year on the $100,000 loan is "
                + NumberFormat.getCurrencyInstance().format(pmt));
    }
}

Output

The payment due each year on the $100,000 loan is ($9,367.88)