PPMT
Syntax:
PPMT ( rate , per , nper , pv [ , [ fv ] [ , [ type ] ] ] )
Description: Computes the payment on the principal 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 per period. |
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per |
number |
The the period and shall be in the range 1–nper. |
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nper |
number |
The total number of payment in an annuity. |
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pv |
number |
The present value, or the total amount that a series of future payments is worth 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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Return Type and Value: number – The payment on the principal 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.