WorksheetFunction.Ppmt(Double, Double, Double, Double, Object, Object) Method
Definition
Important
Some information relates to prerelease product that may be substantially modified before it’s released. Microsoft makes no warranties, express or implied, with respect to the information provided here.
Returns the payment on the principal for a given period for an investment based on periodic, constant payments and a constant interest rate.
public double Ppmt (double Arg1, double Arg2, double Arg3, double Arg4, object Arg5, object Arg6);Public Function Ppmt (Arg1 As Double, Arg2 As Double, Arg3 As Double, Arg4 As Double, Optional Arg5 As Object, Optional Arg6 As Object) As DoubleParameters
- Arg1
- Double
Rate - the interest rate per period.
- Arg2
- Double
Per - the period and must be in the range 1 to nper.
- Arg3
- Double
Nper - the total number of payment periods in an annuity.
- Arg4
- Double
Pv - the present value — the total amount that a series of future payments is worth now.
- Arg5
- Object
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
- Object
Type - the number 0 or 1 and indicates when payments are due.
Returns
Remarks
For a more complete description of the arguments in Ppmt, see Pv(Double, Double, Double, Object, Object).
| 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.