IPMT

This function calculates the payment of interest on a loan.

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

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 and nper
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)

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

Accepts numeric data for all arguments. Returns numeric data.

IPMT(0.65,A1,B3,C42)

IPMT(R1C1,R12C12,R13C13,R32C1)

IPMT(0.45, 2, 30, 6000) gives the result -$2,699.98

This function is available in product version 1.0 or later.