August 2001
Intermediate to advanced
656 pages
18h 5m
English
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Name
IPmt Function
Class
Microsoft.VisualBasic.Financial
Syntax
IPmt(rate, per, nper, pv[, fv[, due]])-
rate Use: Required
Data Type: Double
The interest rate per period.
-
per Use: Required
Data Type: Double
The period for which a payment is to be computed.
-
nper Use: Required
Data Type: Double
The total number of payment periods.
-
pv Use: Required
Data Type: Double
The present value of a series of future payments.
-
fv Use: Optional
Data Type: Double
The future value or cash balance after the final payment. If omitted, the default value is 0.
-
due Use: Optional
Data Type:
DueDateenumerationA value indicating when payments are due.
DueDate.EndOfPeriod(or 0) indicates that payments are due at the end of the payment period;DueDate.BegOfPeriod(or 1) indicates that payments are due at the beginning of the period. If omitted, the default value isDueDate.EndOfPeriod.
Return Value
A Double representing the interest payment
Description
Computes the interest payment 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.
Example
The ComputeSchedule function accepts a loan
amount, an annual percentage rate, and a number of payment periods.
It uses the Pmt function to calculate ...
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