# WorksheetFunction.Ppmt Method (Excel)

Office 2013

Returns the payment on the principal for a given period for an investment based on periodic, constant payments and a constant interest rate.

## Syntax

expression .Ppmt(Arg1, Arg2, Arg3, Arg4, Arg5, Arg6)

expression A variable that represents a WorksheetFunction object.

### Parameters

Name

Required/Optional

Data Type

Description

Arg1

Required

Double

Rate - the interest rate per period.

Arg2

Required

Double

Per - the period and must be in the range 1 to nper.

Arg3

Required

Double

Nper - the total number of payment periods in an annuity.

Arg4

Required

Double

Pv - the present value — the total amount that a series of future payments is worth now.

Arg5

Optional

Variant

Fv - the future value, or a cash balance you want to attain after the last payment is made. If fv is omitted, it is assumed to be 0 (zero), that is, the future value of a loan is 0.

Arg6

Optional

Variant

Type - the number 0 or 1 and indicates when payments are due.

Double

## Remarks

For a more complete description of the arguments in PPMT, see PV.

Set type equal to

If payments are due

0 or omitted

At the end of the period

1

At the beginning of the period

Make sure that you are consistent about the units you use for specifying rate and nper. If you make monthly payments on a four-year loan at 12 percent annual interest, use 12%/12 for rate and 4*12 for nper. If you make annual payments on the same loan, use 12% for rate and 4 for nper.