Too many financial decisions are made without factoring in the time value of money. Whether providing financial planning advice related to a client’s retirement, advising a client about a business ...
The PMT function is an Excel Financial function that returns the periodic payment for an annuity. The formula for the PMT function is PMT(rate,nper,pv, [fv], [type]). The NPV function returns the net ...
LIBOR flat was the base LIBOR rate with no added spread. Banks used LIBOR as a reference for setting various loan and deposit rates. LIBOR flat was central in interbank lending and interest rate swap ...