IPmt Function [VBA]

Calculates the periodic amortizement for an investment with regular payments and a constant interest rate.

warning

This constant, function or object is enabled with the statement Option VBASupport 1 placed before the executable program code in a module.


Syntax:


IPmt(Rate as Double, Per as Double, NPer as Double, PV as Double, [FV as Variant], [Due as Variant])

Return value:

Double

Parameters:

Rate āĻšāϞ⧋ āĻĒāĻ°ā§āϝāĻžāϝāĻŧāĻŦ⧃āĻ¤ā§āϤ āϏ⧁āĻĻ⧇āϰ āĻšāĻžāϰāĨ¤

Per is the period, for which the compound interest is calculated. Period=NPER if compound interest for the last period is calculated.

NPer āĻšāϞ⧋ āĻĒāĻ°ā§āϝāĻžāϝāĻŧāĻ•āĻžāϞ⧇āϰ āĻŽā§‹āϟ āϏāĻ‚āĻ–ā§āϝāĻž āϝ⧇ āϏāĻŽāϝāĻŧ⧇āϰ āĻŽāĻ§ā§āϝ⧇ āĻŦāĻžāĻ°ā§āώāĻŋāĻ• āφāϝāĻŧ āĻĒā§āϰāĻĻāĻžāύ āĻ•āϰ⧇āĨ¤

PV āĻšāϞ⧋ āĻĒāϰāĻŋāĻļā§‹āϧ⧇āϰ āĻ•ā§āϰāĻŽāĻžāύ⧁āϏāĻžāϰ⧇ āĻŦāĻ°ā§āϤāĻŽāĻžāύ āĻ…āĻ°ā§āĻĨ⧇āϰ āĻĒāϰāĻŋāĻŽāĻžāĻŖāĨ¤

FV (āϐāĻšā§āĻ›āĻŋāĻ•) āĻšāϞ⧋ āĻŽā§‡ā§ŸāĻžāĻĻ āĻļ⧇āώ⧇ āĻ•āĻžāĻ™ā§āĻ–āĻŋāϤ āĻŽāĻžāύ (āĻ­āĻŦāĻŋāĻˇā§āĻ¯ā§Ž āĻŽāĻžāύ)āĨ¤

Due (optional) is the due date for the periodic payments.

0 - the payment is due at the end of the period;

1 - the payment is due at the beginning of the period.

Error codes:

5 Invalid procedure call

Example:


Sub ExampleIPmt
 Dim myIPmt As Double
 myIPmt = IPmt(0.05,5,7,15000)
 Print myIPmt ' returns -352.97 currency units. The compound interest during the fifth period (year) is 352.97 currency units.
End Sub

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