# ISPMT

## Content

This function calculates the interest paid during a specific period of an investment.

## Syntax

`ISPMT(rate, per, nper, pv)`

## Remarks

This function has these arguments:

| Argument | Description |
| -------- | ----------- |
| *rate* | Interest rate for the investment. |
| *per* | Number of the period for which to find the interest, between 1 and *nper*. |
| *nper* | Total number of payment periods for the investment. |
| *pv* | Present value of the investment. |

## Remarks

Be consistent with the units for *rate* and *nper*.

The cash you pay out is represented by negative numbers and the cash you receive by positive numbers.

## Data Types

Accepts numeric data for all arguments. Returns numeric data.

## Examples

`ISPMT(B1,C4,C5,1)`

`ISPMT(R1C2,R4C3,R6C3,R7C3)`