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)
Version Available
This function is available in product version 2.0 or later.
See Also
IPMT | PMT | PV | Financial Functions