IPMT

IPMT interest payment for period

Synopsis

IPMT(rate,per,nper,pv,fv,type)

Arguments

rate: effective annual interest rate

per: period number

nper: number of periods

pv: present value

fv: future value

type: payment type

Description

IPMT calculates the interest part of an annuity's payment for period number per.

Note

If type is 0, the default, payment is at the end of each period. If type is 1, payment is at the beginning of each period.

See also

PPMT.