IPMT

Function Type: Financial

Description:

Returns the interest payment for an investment for a given period.

Function Structure:

=IPMT(rate, per, nper, pv, [fv], [type]).

Argument Breakdown:

rate – The interest rate per period.

per – The period for which you want to find the interest and must be in the range 1 to nper.

nper – The total number of payment periods in an annuity.

pv – The present value, or the lump-sum amount that a series of future payments is worth right now.

fv – The future value, or a cash balance you want to attain after the last payment is made. If pv is omitted, it is assumed to be 0 (the future value of a loan, for example, is 0).

type – The number 0 or 1 and indicates when payments are due. If type is omitted, It is assumed to be 0.

Example:

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