PPMT(arg1, arg2, arg3, arg4, arg5, arg6) → { number | string | boolean }

Returns the payment on the principal for a given investment based on periodic, constant payments and a constant interest rate.


Name Type Description
arg1 number

Is the interest rate per period. For example, use 6%/4 for quarterly payments at 6% APR.

arg2 number

Specifies the period and must be in the range 1 to nper.

arg3 number

Is the total number of payment periods in an investment.

arg4 number

Is the present value: the total amount that a series of future payments is worth now.

arg5 number

Is the future value, or cash balance you want to attain after the last payment is made.

arg6 number

Is a logical value: payment at the beginning of the period = 1; payment at the end of the period = 0 or omitted.


number | string | boolean