IPMT function - Zoho Sheet - Help Guide

IPMT

Returns the interest payment for a given period for an investment with constant periodic payments and a fixed interest rate.

 

Syntax

 

IPMT(rate; period; nper; pv; [fv]; [type])
rate: The interest rate per period. Eg., 0.5
period:The period that you want to calculate the interest payment for, numbered from 1. Eg., 3
nper: The total number of payment periods in the term. Eg., 15
pv: The initial sum borrowed or invested. Eg., 50000
fv: The cash balance you wish to attain at the end of the term. This defaults to 0 when omitted. With a loan, the future_value would normally be 0. Eg.,3
type: When the payments are to be made. Defaults to 0 when omitted:
0 - at the end of each period.
1 - at the start of each period (including a payment at the start of the term).

 

Examples  

 

Formula

Result

=IPMT(A2;B2;C2;D2;E2;F2)

-24928.472334615

=IPMT(A3;B3;C3;D3;E3;F3)

-179.861799647

=IPMT(A4;B4;C4;D4;E4;F4)

-2247541.2402915


Get a hands-on experience of the function in the embedded range below. 



Possible Errors

 

Errors

Meaning

#N/A!

  • The function could not find the value it was asked to look for. Commonly occurs in VLOOKUP and similar functions.

#NAME!

  • The function name is incorrect or invalid.

  • The given defined name (if any) is invalid.

  • There is a typo in the defined name used in the function.

  • Double quotes are missing for text values in the function.

  • Colon missing in a cell range reference.

#VALUE!

  • The given argument's data type is incorrect or invalid.
    For example, the function =DATE(A1:A3) will return a #VALUE error when a text value is present in the range.

#REF!

  • The given cell reference is incorrect or invalid. This error may occur when a cell/range has been deleted, moved. or pasted over.

 

Similar Functions


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