PPMT

See also A-Z Spreadsheet Function List

Description Returns the principle paid on an annuity for a given period.

Syntax PPMT(interest, per, nper, pv, [fv], [type])

interest is the fixed periodic interest rate.

per is the period for which to return the principle.

nper is the number of periods in the annuity.

pv is the present value, or the amount the annuity is currently worth.

fv is the future value, or the amount the annuity will be worth. When you omit this argument, a future value of 0 is assumed.

type indicates when payments are due. Use 0 if payments are due at the end of the period or 1 if payments are due at the beginning of the period. When you omit this argument, 0 is assumed.

Remarks The units used for interest must match those used for nper. For example, if the annuity has an 8% annual interest rate over a period of 5 years, specify 8%/12 for interest and 5*12 for nper.

See Also FV , IPMT , NPER , PMT , PV , and RATE functions

Examples PPMT(8%/12, 2, 48, 18000) returns -321.56

         PPMT(8%/12, 2, 48, 18000, 0, 1) returns -319.43