Changes

<div style="font-size:30px">'''PPMT(r,pe,np,pv,fv,ty)'''</div><br/>

<div style="font-size:30px">'''PPMT(r,pe,np,pv,fv,ty)'''</div><br/>

*<math>r </math> is the interest rate.

*<math>Rate </math> is the interest rate.

*<math> pe </math> is the period.

*<math> Period </math> is the period.

*<math> np </math> is the total number of payment periods.

*<math> NoPaymentPeriods </math> is the total number of payment periods.

*<math> pv </math> is the at present value.

*<math> PresentValue </math> is the at present value.

*<math> fv </math> is the future value.

*<math> FutureValue </math> is the future value.

*<math> ty </math> is the type.

*<math> Type </math> is the type.

*It is based on the period, fixed payments and a fixed interest rate.  

*It is based on the period, fixed payments and a fixed interest rate.  

*This function calculates payment for an investment or a loan with the assumption of constant payments at regular intervals and a fixed interest rate.  

*This function calculates payment for an investment or a loan with the assumption of constant payments at regular intervals and a fixed interest rate.  

*In <math>PPMT(r,pe,np,pv,fv,ty)</math>, <math> r </math> is the rate of interest for the period.

*In <math>PPMT (Rate,Period,NoPaymentPeriods,PresentValue,FutureValue,Type)</math>, <math> Rate </math> is the rate of interest for the period.

*Suppose we are taking  a loan for 8 percent annual interest rate and paying the amount in monthly, then the <math> r </math> value is 8%/12. So we have to enter the <math> r </math> value as  8%/12 or 0.6667% or 0.006667 in to the formula as the rate.

*Suppose we are taking  a loan for 8 percent annual interest rate and paying the amount in monthly, then the <math> Rate </math> value is 8%/12. So we have to enter the <math> Rate </math> value as  8%/12 or 0.6667% or 0.006667 in to the formula as the rate.

*<math> pe </math> indicates the period and it is lying with in 1 to nper.

*<math> Period </math> indicates the period and it is lying with in 1 to nper.

*<math> np </math> is the total number of payment periods in an annuity.

*<math> NoPaymentPeriods </math> is the total number of payment periods in an annuity.

*<math> pv </math> is the present value-the total amount that a series of future payments is worth now.

*<math> PresentValue </math> is the present value-the total amount that a series of future payments is worth now.

*<math> fv </math> is the future value of an investment or loan (the value you want to achieve at the end of all periods) when we are omitting the value of <math> fv </math> ,then it is assumed to be 0.  

*<math> FutureValue </math> is the future value of an investment or loan (the value you want to achieve at the end of all periods) when we are omitting the value of <math> FutureValue </math> ,then it is assumed to be 0.  

*<math> ty </math> is the number 0 or 1 which is specifies the time to make a payment during the period.  

*<math> Type </math> is the number 0 or 1 which is specifies the time to make a payment during the period.  

*when we are not giving the value of <math> ty </math>, then it is assumed to be 0.

*when we are not giving the value of <math> Type </math>, then it is assumed to be 0.

{| class="wikitable"

{| class="wikitable"

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! ty value

! Type value

! Explanation

! Explanation

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