WorksheetFunction.Ppmt Method (Excel)
Returns the payment on the principal for a given period for an investment based on periodic, constant payments and a constant interest rate.
Syntax
expression .Ppmt(Arg1, Arg2, Arg3, Arg4, Arg5, Arg6)
expression A variable that represents a WorksheetFunction object.
Parameters
Name |
Required/Optional |
Data Type |
Description |
|---|---|---|---|
Arg1 |
Required |
Double |
Rate - the interest rate per period. |
Arg2 |
Required |
Double |
Per - the period and must be in the range 1 to nper. |
Arg3 |
Required |
Double |
Nper - the total number of payment periods in an annuity. |
Arg4 |
Required |
Double |
Pv - the present value — the total amount that a series of future payments is worth now. |
Arg5 |
Optional |
Variant |
Fv - the future value, or a cash balance you want to attain after the last payment is made. If fv is omitted, it is assumed to be 0 (zero), that is, the future value of a loan is 0. |
Arg6 |
Optional |
Variant |
Type - the number 0 or 1 and indicates when payments are due. |
Return Value
Double
Remarks
For a more complete description of the arguments in PPMT, see PV.
Set type equal to |
If payments are due |
|---|---|
0 or omitted |
At the end of the period |
1 |
At the beginning of the period |
Make sure that you are consistent about the units you use for specifying rate and nper. If you make monthly payments on a four-year loan at 12 percent annual interest, use 12%/12 for rate and 4*12 for nper. If you make annual payments on the same loan, use 12% for rate and 4 for nper.