Difference between revisions of "Manuals/calci/IPMT"
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| − | <div style="font-size:30px">'''IPMT( | + | <div style="font-size:30px">'''IPMT(rate,period,no.paymentperiods,presentvalue,futurevalue,Type)'''</div><br/> |
| − | *<math> | + | *<math>rate</math> is the annual rate of interest. |
| − | *<math> | + | *<math>periods</math> is the period of to find the interest rate. |
| − | *<math> | + | *<math>no.paymentperiods</math> is the number of installments. |
| − | *<math> | + | *<math>presentvalue</math> is the present value. |
| − | *<math> | + | *<math>futurevalue</math> is the future value. |
| − | *<math> | + | *<math>Type</math> is either 1 or 0. |
| + | |||
==Description== | ==Description== | ||
*This function gives amount of interest for a particular time, according to the periodic, fixed payments and fixed interest rate. | *This function gives amount of interest for a particular time, according to the periodic, fixed payments and fixed interest rate. | ||
*This function can be used to calculate the payments for a loan or the future value of an investment. | *This function can be used to calculate the payments for a loan or the future value of an investment. | ||
| − | *In <math>IPMT( | + | *In <math>IPMT(rate,period,no.paymentperiods,presentvalue,futurevalue,Type)</math>, where <math>rate</math> is the rate of interest for a year |
| − | *<math> | + | *<math>period</math> is the period for which the interest payment is to be calculated. It must be a value between <math>1</math> and <math>np</math>. |
| − | *<math> | + | *<math>no.paymentperiods</math> is the total number of periods over which the loan or investment is to be paid. |
| − | *<math> | + | *<math>presentvalue</math> is the present value of the loan. |
| − | *<math> | + | *<math>futurevalue</math> is the future value of the loan, at the end of <math>np</math> payment. |
| − | *<math> | + | *<math>Type</math> is the number <math>0</math> or <math>1</math>. |
*When type value is <math>0</math> means the payment is made at the end of the period and type value is <math>1</math> means the payment is made at the beginning of the period | *When type value is <math>0</math> means the payment is made at the end of the period and type value is <math>1</math> means the payment is made at the beginning of the period | ||
| − | *Here the arguments <math> | + | *Here the arguments <math>futurevalue</math> and <math>Type</math> are optional. |
| − | *Suppose we omit the value of <math> | + | *Suppose we omit the value of <math>futurevalue</math>, then it will consider the value as <math>0</math>. |
| − | *Also when we are not giving the <math> | + | *Also when we are not giving the <math>Type</math> value, the default value is <math>0</math>. |
| − | *Suppose we calculate the monthly payments instead of annual payment, for the argument <math> | + | *Suppose we calculate the monthly payments instead of annual payment, for the argument <math>rate</math> we have to divide by <math>12</math> and the <math>np</math> value we have multiply with <math>12</math>. |
| − | *For e.g. The monthly payments on a 5 year loan at 10% annual interest, we have to give the arguments <math> | + | *For e.g. The monthly payments on a 5 year loan at 10% annual interest, we have to give the arguments <math>rate</math> and <math>np</math> as 10%/12 for <math>rate</math> and 5*12 for <math>no.paymentperiods</math>. |
*This function will give result as error when | *This function will give result as error when | ||
Any one of the argument is non-numeric | Any one of the argument is non-numeric | ||
| − | <math> | + | <math>period < 0</math> or <math>period > no.paymentperiods</math> |
| + | |||
| + | ==ZOS Section== | ||
| + | *The syntax is to calculate amount of interest for a particular time in ZOS is <math>IPMT(rate,period,no.paymentperiods,presentvalue,futurevalue,Type)</math> | ||
| + | **<math>rate</math> is the annual rate of interest. | ||
| + | **<math>periods</math> is the period of to find the interest rate. | ||
| + | **<math>no.paymentperiods</math> is the number of installments. | ||
| + | **<math>presentvalue</math> is the present value. | ||
| + | **<math>futurevalue</math> is the future value. | ||
| + | **<math>Type</math> is either 1 or 0. | ||
| + | *For e.g., | ||
| + | |||
==Examples== | ==Examples== | ||
Revision as of 23:54, 24 June 2014
IPMT(rate,period,no.paymentperiods,presentvalue,futurevalue,Type)
- is the annual rate of interest.
- is the period of to find the interest rate.
- is the number of installments.
- is the present value.
- is the future value.
- is either 1 or 0.
is the annual rate of interest.
is the period of to find the interest rate.
is the number of installments.
is the present value.
is the future value.
is either 1 or 0.Description
- This function gives amount of interest for a particular time, according to the periodic, fixed payments and fixed interest rate.
- This function can be used to calculate the payments for a loan or the future value of an investment.
- In , where is the rate of interest for a year
- is the period for which the interest payment is to be calculated. It must be a value between and .
- is the total number of periods over which the loan or investment is to be paid.
- is the present value of the loan.
- is the future value of the loan, at the end of payment.
- is the number or .
- When type value is means the payment is made at the end of the period and type value is means the payment is made at the beginning of the period
- Here the arguments and are optional.
- Suppose we omit the value of , then it will consider the value as .
- Also when we are not giving the value, the default value is .
- Suppose we calculate the monthly payments instead of annual payment, for the argument we have to divide by and the value we have multiply with .
- For e.g. The monthly payments on a 5 year loan at 10% annual interest, we have to give the arguments and as 10%/12 for and 5*12 for .
- This function will give result as error when
, where 
is the period for which the interest payment is to be calculated. It must be a value between 
and 
.
or 
and the Any one of the argument is non-numeric or
or 
ZOS Section
- The syntax is to calculate amount of interest for a particular time in ZOS is
- is the annual rate of interest.
- is the period of to find the interest rate.
- is the number of installments.
- is the present value.
- is the future value.
- is either 1 or 0.
- For e.g.,
Examples
- 1.Calculate the interest payment during half yearly 1 and 2 of a loan for 50,000, that is to be reduced to 10,000 over a period of 3 years, by a series of constant half-yearly payments.
- Interest is charged at a rate of 4.5% per year and the payment is made at the beginning of each half year.
- IPMT(4.5%/2,3,2*2,50000,10000,1)= -480.666
- 2.The interest payment for a $55000 investment that earns 7.50% annually for 15 years.
- The interest payment is calculated for the 5th year and payments are due at the end of each year.
IPMT(7.5%/1, 5, 15*1, 55000)=-3418.570