Difference between revisions of "Manuals/calci/ISPMT"
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| − | <div | + | <div style="font-size:30px">'''ISPMT (Rate,Period,NoOfPaymentPeriods,PresentValue)'''</div><br/> |
| − | < | + | *<math>Rate</math> is the interest rate. |
| + | *<math>Period</math> is the period. | ||
| + | *<math>NoOfPaymentPeriods</math> is the total number of payment periods. | ||
| + | *<math>PresentValue</math> is the at present value. | ||
| + | **ISPMT(), calculates the interest paid during a specific period of an investment | ||
| − | </ | + | ==Description== |
| − | - | + | *This function calculates the interest paid, during a specific period of a loan or investment. |
| − | + | *In <math>ISPMT (Rate,Period,NoOfPaymentPeriods,PresentValue)</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>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>Period</math> indicates the period and it is lying with in 1 to nper. | ||
| + | *<math>NoOfPaymentPeriods</math> is the total number of payment periods in an annuity. | ||
| + | *<math>PresentValue</math> is the present value-the total amount that a series of future payments is worth now. | ||
| + | *The arguments rate and the nper are expressed in the correct units. | ||
| + | months = 12 * years; monthly rate = annual rate / 12 | ||
| + | quarters = 4 * years; quarterly rate = annual rate / 4 . | ||
| + | *The returned values are negative which is representing the cash we pay out like deposits to savings or other withdrawals. | ||
| + | *Also the returned values are positive which is representing the cash we receive like dividend checks and other deposits. | ||
| + | *This function give result as error when | ||
| + | Any one of the arguments are not recognised as numeric values. | ||
| − | + | ==Examples== | |
| + | #=ISPMT(9.75%/12,1,5*12,500000) = -3994.791667 | ||
| + | #=ISPMT(9%,2,4,350000) = -15750 | ||
| + | #=ISPMT(9%/12,3,4*12,350000) = -2460.9375 | ||
| − | + | ==Related Videos== | |
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| − | + | {{#ev:youtube|v=RN3DA2eVM2c|280|center|ISPMT}} | |
| − | |||
| − | + | ==See Also== | |
| − | + | *[[Manuals/calci/FV | FV ]] | |
| − | + | *[[Manuals/calci/IPMT | IPMT ]] | |
| + | *[[Manuals/calci/PPMT | PPMT ]] | ||
| − | ISPMT | + | ==References== |
| + | *[https://wiki.openoffice.org/wiki/Documentation/How_Tos/Calc:_ISPMT_function ISPMT] | ||
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| − | + | *[[Z_API_Functions | List of Main Z Functions]] | |
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| − | + | *[[ Z3 | Z3 home ]] | |
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Latest revision as of 15:58, 15 November 2018
ISPMT (Rate,Period,NoOfPaymentPeriods,PresentValue)
- is the interest rate.
- is the period.
- is the total number of payment periods.
- is the at present value.
- ISPMT(), calculates the interest paid during a specific period of an investment
is the interest rate.
is the period.
is the total number of payment periods.
is the at present value.
Description
- This function calculates the interest paid, during a specific period of a loan or investment.
- In , 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 value is 8%/12.
- So we have to enter the value as 8%/12 or 0.6667% or 0.006667 in to the formula as the rate.
- indicates the period and it is lying with in 1 to nper.
- is the total number of payment periods in an annuity.
- is the present value-the total amount that a series of future payments is worth now.
- The arguments rate and the nper are expressed in the correct units.
, months = 12 * years; monthly rate = annual rate / 12 quarters = 4 * years; quarterly rate = annual rate / 4 .
- The returned values are negative which is representing the cash we pay out like deposits to savings or other withdrawals.
- Also the returned values are positive which is representing the cash we receive like dividend checks and other deposits.
- This function give result as error when
Any one of the arguments are not recognised as numeric values.
Examples
- =ISPMT(9.75%/12,1,5*12,500000) = -3994.791667
- =ISPMT(9%,2,4,350000) = -15750
- =ISPMT(9%/12,3,4*12,350000) = -2460.9375
Related Videos
See Also
References