April 2002
Intermediate to advanced
688 pages
19h 51m
English
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Name
PPmt Function
Class
Microsoft.VisualBasic.Financial
Syntax
PPmt(rate,per,nper,pv[,fv[,due]])
-
rate(required; Double) The interest rate per period.
-
per(required; Double) The period for which a payment is to be computed.
-
nper(required; Double) The total number of payment periods.
-
pv(required; Double) The present value of a series of future payments.
-
fv(optional; Object) The future value or cash balance after the final payment. If omitted, the default value is 0.
-
due(optional;DueDateenumeration) A value indicating when payments are due. It can be either
DueDate.EndOfPeriod(or 0), for payments due at the end of the period, orDueDate.BegOfPeriod(or 1), for payments due at the beginning of the period. The default value isDueDate.EndOfPeriod.
Return Value
A Double representing the principal paid in a given payment
Description
Computes the payment of principal for a given period of an annuity, based on periodic, fixed payments and a fixed interest rate. An annuity is a series of fixed cash payments made over a period of time. It can be either a loan payment or an investment.
Rules at a Glance
The value of
percan range from 1 tonper.If
pvandfvrepresent liabilities, their value is negative; if they represent assets, their value is positive.If
fvis omitted, its default value of 0 is used.If
dueis omitted, the default value of 0 (reflecting payments at the beginning of each period) is used.
Example
See the example for the IPmt Function entry.
Programming Tips and Gotchas ...
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