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SpreadJS Overview
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Formula Reference
- Formula Overview
- Formula Functions
  - Barcode Functions
  - Compatibility Functions
  - Database Functions
  - Date and Time Functions
  - Engineering Functions
  - Financial Functions
    - ACCRINT
    - ACCRINTM
    - AMORDEGRC
    - AMORLINC
    - COUPDAYBS
    - COUPDAYS
    - COUPDAYSNC
    - COUPNCD
    - COUPNUM
    - COUPPCD
    - CUMIPMT
    - CUMPRINC
    - DB
    - DDB
    - DISC
    - DOLLARDE
    - DOLLARFR
    - DURATION
    - EFFECT
    - FV
    - FVSCHEDULE
    - INTRATE
    - IPMT
    - IRR
    - ISPMT
    - MDURATION
    - MIRR
    - NOMINAL
    - NPER
    - NPV
    - ODDFPRICE
    - ODDFYIELD
    - ODDLPRICE
    - ODDLYIELD
    - PDURATION
    - PMT
    - PPMT
    - PRICE
    - PRICEDISC
    - PRICEMAT
    - PV
    - RATE
    - RECEIVED
    - RRI
    - SLN
    - SYD
    - TBILLEQ
    - TBILLPRICE
    - TBILLYIELD
    - VDB
    - XIRR
    - XNPV
    - YIELD
    - YIELDDISC
    - YIELDMAT
  - Information Functions
  - Logical Functions
  - Lookup and Reference Functions
  - Math and Trigonometric Functions
  - Statistical Functions
  - Sparkline Functions
  - Text Functions
  - Web Functions
  - Other Functions
  - RegEx Functions
Import and Export Reference
Frequently Used Events
API Documentation
Release Notes

PPMT

This function returns the amount of payment of principal for a loan given the present value, specified interest rate, and number of terms.

Syntax

PPMT(rate, per, nper, pval, fval, type)

Arguments

This function has these arguments:

Argument	Description
rate	Value of interest rate per period.
per	Number of the period for which to find the interest, between 1 andnper
nper	Total number of payment periods in an annuity.
pval	Present value, worth now
fval	[Optional] Future value, cash value after the last payment; if omitted, the calculation uses zero
type	[Optional] Indicates when payments are due; at the end (0) or beginning (1) of the period; if omitted, the calculation uses the end (0)

Remarks

Be sure to express the interest rate as per annum. For example, if the interest rate is 8 percent, use 8 for the rate argument.

The result is represented by a negative number because it is money paid out by you.

See the PV function for the equation for calculating financial values.

Data Types

Accepts numeric data for all arguments. Returns numeric data.

Examples

PPMT(B1,C4,C5,C6,C7,1)

PPMT(R1C2,R4C3,R6C3,R7C3,0)

PPMT(0.45, 22, 30, 6000, 7000) gives the result -$206.47