IPMT
Syntax:
IPMT ( rate , per, nper , pv , [ fv ] [ , [ type ] ] )
Description: Computes the interest payment for a given period for an investment based on periodic, constant payments and a constant interest rate.
Arguments:
Name |
Type |
Description |
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rate |
number |
The interest rate. |
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per |
number |
The period for which the interest is to be found, and shall be in the range 1–nper. |
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nper |
number |
The total number of payment periods in an annuity. |
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pv |
number |
The present value, or the lump-sum amount that a series of future payments is worth right now. |
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fv |
number |
The future value, or a cash balance to be attained after the last payment is made. If omitted, it is assumed to be 0 (i.e., the future value of a loan, for example, is 0). |
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type |
number |
The timing of the payment, truncated to integer, as follows:
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Arguments representing cash paid by investor shall be expressed as negative numbers; arguments representing cash received by the investor shall be expressed as positive numbers.
Return Type and Value: number – The interest payment for a given period for an investment based on periodic, constant payments and a constant interest rate.
However, if type is any number other than 0 or 1, #NUM! is returned.