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FinancePPmt

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Function Description

Returns the principal payment for a given period for an annuity-style cash flow involving periodic fixed payments and a term-independent interest rate

 


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Output type / Parameter details

Output type: Double
Parameter NameVariable TypeDescription
RateDoubleInterest rate per period
PerDoublePeriod in question
NPerDoubleTotal number of periods over which (annuity-style) cash flow is paid
PVDoublePresent value of (annuity-style) cash flows
FVDoubleFuture value remaining after (annuity-style) cash flows paid
CashFlowAtEndBooleanFlag indicating if payment at end (otherwise assumed to be at start)

Links to:

-          Interactively run function

-          Interactive instructions

-          Example calculation

-          Output type / Parameter details

-          Illustrative spreadsheet

-          Other Finance functions

-          Computation units used


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