ISPMT

Description

Calculates the interest paid during a specific period of an investment.

Sample Usage

Syntax

ISPMT(rate, per, nper, pv)

The ISPMT function syntax has the following arguments:

• Rate    Required. The interest rate for the investment.

• Per    Required. The period for which you want to find the interest, and must be between 1 and nper.

• Nper    Required. The total number of payment periods for the investment.

• Pv    Required. The present value of the investment. For a loan, pv is the loan amount.

Remarks

• Make sure that you are consistent about the units you use for specifying rate and nper. If you make monthly payments on a four-year loan at an annual interest rate of 12 percent, use 12%/12 for rate and 4*12 for nper. If you make annual payments on the same loan, use 12% for rate and 4 for nper.

• For all the arguments, the cash you pay out, such as deposits to savings or other withdrawals, is represented by negative numbers; the cash you receive, such as dividend checks and other deposits, is represented by positive numbers.

• For additional information about financial functions, see the PV function.

In order to use the ISPMT formula, start with your edited Excellentable

Then type in the ISPMT formula in the area you would like to display the outcome:

By adding the values you would like to calculate the ISPMT formula for, Excellentable will generate the outcome: