September 2011
Beginner
140 pages
3h 40m
English
book
Beginning OpenOffice Calc: From Setting Up Simple Spreadsheets to Business Forecasting
by Jacek Artymiak
Content preview from Beginning OpenOffice Calc: From Setting Up Simple Spreadsheets to Business Forecasting
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Capital (PPMT)
Syntax: PPMT(Interest; Period; Time; Loan; Future; Type)
The PPMT function returns the amount of original capital that you need to pay back in a given accounting period when you borrow money. For example, if you borrow $1,000,000 (loan) at an interest rate of 7.25% for 25 years and want to know how much capital you have to pay back within the first month, you can find that out with this formula:
=PPMT(7.25%/12; 1; 25*12; 1,000,000)
The answer is –$1,186.40.
Figure 8-12. Sample result of the PPMT function
The interest argument is the interest rate at which money is borrowed.
The period argument is the number of the chosen accounting ...
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