Name
IPmt Function — Microsoft.VisualBasic.Financial
Synopsis
IPmt(rate
,per
,nper
,pv
[,fv
[,due
]])
rate
required; DoubleThe interest rate per period.
per
required; DoubleThe period for which a payment is to be computed.
nper
required; DoubleThe total number of payment periods.
pv
required; DoubleThe present value of a series of future payments.
fv
optional; DoubleThe future value or cash balance after the final payment. If omitted, the default value is 0.
due
optional;DueDate
enumerationA value indicating when payments are due.
DueDate.EndOfPeriod
(or 0) indicates that payments are due at the end of the payment period;DueDate.
BegOfPeriod
(or 1) indicates that payments are due at the beginning of the period. If omitted, the default value isDueDate.EndOfPeriod
.
Return Value
A Double representing the interest payment
Description
Computes the interest payment 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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