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IPMT

Name

IPMT -- 

Synopsis

IPMT(rate,per,nper,pv,fv,type)

Description

IPMT calculates the amount of a payment of an annuity going towards interest.

Formula for IPMT is:

IPMT(PER) = -PRINCIPAL(PER-1) * INTEREST_RATE

where:

PRINCIPAL(PER-1) = amount of the remaining principal from last period

Examples

See also

PPMT, PV, FV.

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