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IPMT

Calculates the payment on interest for an investment based on constant-amount periodic payments and a constant interest rate. Learn more

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IPMT is a financial function in Google Sheets that calculates the interest payment for a specific period of an investment or loan, given the interest rate, number of periods, present value, and optional future value.

The IPMT function syntax is as follows: IPMT(rate, period, numberofperiods, presentvalue, [futurevalue], [endorbeginning])

rate: The interest rate per period. period: The period for which you want to calculate the interest payment. It must be between 1 and numberofperiods. numberofperiods: The total number of payment periods. presentvalue: The present value of the investment or loan. futurevalue: The future value of the investment or loan. If omitted, it is assumed to be 0. endorbeginning: Specifies whether payments are due at the end or beginning of the period. If omitted, it is assumed to be 0 (payments are due at the end of the period).

The IPMT function returns the interest payment for the specified period.

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