It is the Principal Payment function. It returns the payment on the principal for a given period for an investment based on periodic, constant payments and a constant interest rate.
PPMT( rate, per, nper, pv, fv, type )
Rate is the interest rate per period.
Per specifies the period and must be in the range 1 to nper.
Nper is the total number of payment periods in an annuity.
Pv is the present value- the total amount that a series of future payments is worth now.
Fv is 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.
Type is the number 0 or 1 and indicates when payments are due.
The PPMT function.
The PPMT function returns the amt. of interest in a specified instalment number whereas the PMT function returns the amt. of interest in every EMI payment.
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It depends on the kind of payment. There are a number of functions to check out. PMT, PPMT, IPMT and ISPMT. They are used for different kinds of payment.
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PMT would be the most common function used, but depending on exactly what you are trying to do, you could use others like the IPMT for interest payment and the PPMT for the principal payment.PMT would be the most common function used, but depending on exactly what you are trying to do, you could use others like the IPMT for interest payment and the PPMT for the principal payment.PMT would be the most common function used, but depending on exactly what you are trying to do, you could use others like the IPMT for interest payment and the PPMT for the principal payment.PMT would be the most common function used, but depending on exactly what you are trying to do, you could use others like the IPMT for interest payment and the PPMT for the principal payment.PMT would be the most common function used, but depending on exactly what you are trying to do, you could use others like the IPMT for interest payment and the PPMT for the principal payment.PMT would be the most common function used, but depending on exactly what you are trying to do, you could use others like the IPMT for interest payment and the PPMT for the principal payment.PMT would be the most common function used, but depending on exactly what you are trying to do, you could use others like the IPMT for interest payment and the PPMT for the principal payment.PMT would be the most common function used, but depending on exactly what you are trying to do, you could use others like the IPMT for interest payment and the PPMT for the principal payment.PMT would be the most common function used, but depending on exactly what you are trying to do, you could use others like the IPMT for interest payment and the PPMT for the principal payment.PMT would be the most common function used, but depending on exactly what you are trying to do, you could use others like the IPMT for interest payment and the PPMT for the principal payment.PMT would be the most common function used, but depending on exactly what you are trying to do, you could use others like the IPMT for interest payment and the PPMT for the principal payment.
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