PPMT

Name

PPMT —
PPMT(rate,per,nper,pv,fv,type)

Description

Calculates the amount of a payment of an annuity going towards principal.

Formula for it is:

PPMT(per) = PMT - IPMT(per)

where:

PMT = Payment received on annuityIPMT(per) = amount of interest for period per

See also

IPMT , PV , FV