Function Type: Financial
Description:
Returns the payment on the principal for an investment for a given period.
Function Structure:
=PPMT(rate, per, nper, pv, [fv], [type]).
Argument Breakdown:
rate – The interest rate per period.
per – The payment period of interest.
nper – The total number of payments for the loan.
pv – The present value, or the total value of all payments now.
fv – The cash balance desired after last payment is made. Defaults to 0.
type – When payments are due. 0 = end of period. 1 = beginning of period. Default is 0.
Example:
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