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SpreadJS Documentation / Formula Reference / Formula Functions / PPMT
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    PPMT
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    This function returns the amount of payment of principal for a loan given the present value, specified interest rate, and number of terms.

    Syntax

    PPMT(rate,per,nper,pval,fval,type)

    Arguments

    This function has these arguments:

    Argument Description
    rate Value of interest rate per period.
    per Number of the period for which to find the interest, between 1 and nper
    nper Total number of payment periods in an annuity.
    pval Present value, worth now
    fval [Optional] Future value, cash value after the last payment; if omitted, the calculation uses zero
    type [Optional] Indicates when payments are due; at the end (0) or beginning (1) of the period; if omitted, the calculation uses the end (0)

    Remarks

    Be sure to express the interest rate as per annum. For example, if the interest rate is 8 percent, use 8 for the rate argument.

    The result is represented by a negative number because it is money paid out by you.

    See the PV function for the equation for calculating financial values.

    Data Types

    Accepts numeric data for all arguments. Returns numeric data.

    Examples

    PPMT(B1,C4,C5,C6,C7,1)

    PPMT(R1C2,R4C3,R6C3,R7C3,0)

    PPMT(0.45, 22, 30, 6000, 7000) gives the result -$206.47

    See Also