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IPMT

 

Syntax: @IPMT(R, P, NP, PV, FV, [T])

R = Interest rate per period
P = The period for which the interest will be calculated (an integer)
NP = The total number of payment periods
PV = The present value of the investment
FV = The future value or a cash balance you would like to attain at the end of the last period
T = (Optional) timing of the payment:

0 payment is made at the end of the period
1 payment is made at the beginning of the period

@IPMT returns the interest payment for a specified period for an loan or investment based on periodic, constant payments and a constant interest rate.

Make sure that the units used for R and P are consistent. For example, for a 5-year loan with 12% annual interest, if you make payments monthly, use 12%/12 for (monthly) R and tex2html_wrap_inline16170 for NP.

Example:

@IPMT(10%/12, 1, 24, 2000, 0, 0) = 16.6667


next up previous contents index
Next: IRR Up: A Function Reference Previous: INVFFT

NExS User's Guide, Version 1.4.5
Grey Trout Software
11 April 1999