IPmt Function [VBA]

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

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

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

Double

\<emph\>Rate\</emph\> sets the periodic interest rate.

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

\<emph\>NPER\</emph\> is the total number of periods, during which annuity is paid.

\<emph\>PV\</emph\> is the present cash value in sequence of payments.

\<emph\>FV\</emph\> (optional) is the desired value (future value) at the end of the periods.

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.

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