Calculate the interest to be paid over a given investment period.
grammar
ISPMT(rate,per,nper,pv)
rate is the interest rate of each period
per The number of periods used to calculate the amount of its interest, which must be between 1 and nper.
nper is the total investment period, i.e. the total payment period of the investment.
pv is the current value of the investment. For loans, pv is the loan amount.
Instructions
- The consistency of the specified rate and nper units should be confirmed. For example, the same four-year loan with an annual interest rate of 12%,
If paid monthly, the rate should be 12%/12, nper should be 4*12; If paid annually, the rate would be 12% and the nper would be 4.
- For all parameters, a negative number represents cash disbursements (such as deposits or withdrawals) and a positive number represents cash receipts (such as dividends or deposits from others).
- For additional information about financial functions, see PV Functions.
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