IPmt Function
Microsoft.VisualBasic.Financial
IPmt(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; Double)The future value or cash balance after the final payment. If omitted, the default value is 0.
due
(optional; DueDate
enumeration)A 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 is
DueDate.EndOfPeriod
.
A Double representing the interest payment
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.
The value of per
can range from 1 to
nper
.
If pv
and fv
represent liabilities, their value is negative; if they represent
assets, their value is positive.
The ComputeSchedule function accepts a loan amount, an annual percentage rate, and a number of payment periods. It uses the Pmt function to calculate the payment per period, then returns a two-dimensional array in which each ...
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