ppmt Function
Description:
The payment (minus interest) for a specific periodic investment at a fixed interest rate.
Returns:
Number
Parameters:
Parameter | Data Type | Description |
|---|---|---|
1 | Number | The interest rate |
2 | Whole Number | The investment period |
3 | Whole Number | The number of investment periods |
4 | Number | The present value of the investment |
5 | Number | The future value of the investment |
6 | Boolean | Interest payable at the beginning of each period? |
Example:
When using functions inside a field, remember the field brackets:
{ppmt(BaseRate, InvestmentPeriod, NumberofInvestmentPeriods, CurrentValue, FutureValue, InterestPayable)}
Expression | Result |
|---|---|
ppmt( 0.12, 5, 12, 0, 24133.13, false ) | -1573.52 |
Related Content
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Financial Functions
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Article,
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