Name

PPmt Function — Microsoft.VisualBasic.Financial

Synopsis

PPmt(rate, per, nper, pv[, fv[, due]])
rate required; Double

The interest rate per period.

per required; Double

The period for which a payment is to be computed.

nper required; Double

The total number of payment periods.

pv required; Double

The present value of a series of future payments.

fv optional; Object

The future value or cash balance after the final payment. If omitted, the default value is 0.

due optional; DueDate enumeration

A value indicating when payments are due. It can be either DueDate.EndOfPeriod, for payments due at the end of the period, or DueDate.BegOfPeriod for payments due at the beginning of the period. The default value is DueDate.EndOfPeriod.

Return Value

A Double representing the principal paid in a given payment

Description

Computes the payment of principal for a given period of an annuity, based on periodic, fixed payments and a fixed interest rate. An annuity is a series of fixed cash payments made over a period of time. It can be either a loan payment or an investment.

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