Syntax
=ISPMT(rate, per, nper, pv)Arguments
| Argument | Required | Description |
|---|---|---|
rate | Required | The interest rate per period |
per | Required | The period (counting from 1) |
nper | Required | The number of periods |
pv | Required | The loan amount |
How to use ISPMT
ISPMT takes 4 required arguments. Type =ISPMT( in a cell and SheetsBat shows the arguments as you go. Optional arguments are shown in square brackets; leave them out to use their default.
Examples
Each result below was calculated by the SheetsBat formula engine.
=ISPMT(0.1/12, 1, 3*12, 8000000)Result =ISPMT(0.1, 1, 3, 8000000)Result Related financial functions
- FVSCHEDULEReturns the future value of a principal after applying a series of interest rates.
- INTRATEReturns the interest rate of a fully invested security.
- IPMTReturns the interest part of one payment of a loan or investment.
- IRRReturns the internal rate of return of cash flows at regular periods.
- MDURATIONReturns the modified duration in years of a security that pays periodic interest, for 100 face value.
- MIRRReturns the modified internal rate of return, with separate rates for financing and reinvestment.
- NOMINALReturns the nominal annual interest rate from an effective rate and the compounding periods per year.
- NPERReturns the number of payment periods needed for a loan or investment.
- NPVReturns the net present value of future cash flows (at the end of each period) at a discount rate.