PPMT

PPMT interest payment for period

Synopsis

PPMT(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

PPMT calculates the principal 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

IPMT.