FinancialLevel: ExpertAvailable in: Excel 2007+
In this article
- Syntax
- Examples
- Example 1
- Related functions
ISPMT calculates interest for a loan where the principal is repaid in equal parts (not an EMI). Note the period argument starts at 0.
Syntax
=ISPMT(rate, per, nper, pv)
| Argument |
What it means |
per |
0 for the first period. |
Examples
Example 1
=-ISPMT(10%/12, 0, 12, 120000)
₹1,000 interest in month one when ₹10,000 of principal is repaid each month.
IPMT · CUMIPMT
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