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− | {{Documentation/MasterTOC | + | {{DISPLAYTITLE: PPMT function}} |
− | |bookid=1234'''
| + | {{Documentation/CalcFunc FinancialTOC |
− | |booktitle=<div style="padding: 8px; font-size: 140%; font-weight: bold; background-color: #9BC0F5;">CALC FUNCTIONS</div>
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− | |ShowParttitle=block|parttitle=[[Documentation/How_Tos/Calc:_Financial_functions|<div style="font-size: 140%;">Financial Functions]]
| + | |PrevPage=Documentation/How_Tos/Calc:_PMT_function |
− | |ShowNextPage=block|NextPage=Documentation/How_Tos/Calc:_PV_function | + | |NextPage=Documentation/How_Tos/Calc:_PV_function |
− | |ShowPrevPage=block|PrevPage=Documentation/How_Tos/Calc:_PMT_function
| + | }}__NOTOC__ |
− | |ShowPrevPart=block|PrevPart=Documentation/How_Tos/Calc:_Date_%26_Time_functions | + | |
− | |ShowNextPart=block|NextPart=Documentation/How_Tos/Calc:_Information_functions
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− | |toccontent= <div style="padding: 4px; font-size: 130%; font-weight: hidden; background-color:#DCE9FC;">FUNCTIONS</div>
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− | <div style="font-size: 140%; border-style: outset outset outset none; border-color:#DCE9FC;">Depreciation</div>
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− | * [[Documentation/How_Tos/Calc:_AMORDEGRC_function|<div style="font-size: 120%;">Amordegrc]]
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− | * [[Documentation/How_Tos/Calc:_AMORLINC_function|<div style="font-size: 120%;">Amorlinc]]
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− | * [[Documentation/How_Tos/Calc:_DB_function|<div style="font-size: 120%;">Db]]
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− | * [[Documentation/How_Tos/Calc:_DDB_function|<div style="font-size: 120%;">Ddb]]
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− | * [[Documentation/How_Tos/Calc:_SLN_function|<div style="font-size: 120%;">Sln]]
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− | * [[Documentation/How_Tos/Calc:_SYD_function|<div style="font-size: 120%;">Syd]]
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− | * [[Documentation/How_Tos/Calc:_VDB_function|<div style="font-size: 120%;">Vdb]]
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− | <div style="font-size: 140%; border-style: outset outset outset none; border-color:#DCE9FC;">Payment Streams, Annuities, Loans</div>
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− | * [[Documentation/How_Tos/Calc:_CUMIPMT_function|<div style="font-size: 120%;">Cumipmt]]
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− | * [[Documentation/How_Tos/Calc:_CUMIPMT_ADD_function|<div style="font-size: 120%;">Cumipmt Add]]
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− | * [[Documentation/How_Tos/Calc:_CUMPRINC_function|<div style="font-size: 120%;">Cumprinc]]
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− | * [[Documentation/How_Tos/Calc:_CUMPRINC_ADD_function|<div style="font-size: 120%;">Cumpinc Add]]
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− | * [[Documentation/How_Tos/Calc:_FV_function|<div style="font-size: 120%;">Fv]]
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− | * [[Documentation/How_Tos/Calc:_FVSCHEDULE_function|<div style="font-size: 120%;">Fvschedule]]
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− | * [[Documentation/How_Tos/Calc:_IPMT_function|<div style="font-size: 120%;">Ipmt]]
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− | * [[Documentation/How_Tos/Calc:_IRR_function|<div style="font-size: 120%;">Irr]]
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− | * [[Documentation/How_Tos/Calc:_ISPMT_function|<div style="font-size: 120%;">Ispmt]]
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− | * [[Documentation/How_Tos/Calc:_MIRR_function|<div style="font-size: 120%;">Mirr]]
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− | * [[Documentation/How_Tos/Calc:_NPER_function|<div style="font-size: 120%;">Nper]]
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− | * [[Documentation/How_Tos/Calc:_NPV_function|<div style="font-size: 120%;">Npv]]
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− | * [[Documentation/How_Tos/Calc:_PMT_function|<div style="font-size: 120%;">Pmt]]
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− | * [[Documentation/How_Tos/Calc:_PPMT_function|<div style="font-size: 120%; border-style: double; border-color:#778899;">Ppmt]]
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− | * [[Documentation/How_Tos/Calc:_PV_function|<div style="font-size: 120%;">Pv]]
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− | * [[Documentation/How_Tos/Calc:_RATE_function|<div style="font-size: 120%;">Rate]]
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− | * [[Documentation/How_Tos/Calc:_RRI_function|<div style="font-size: 120%;">Rri]]
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− | * [[Documentation/How_Tos/Calc:_XIRR_function|<div style="font-size: 120%;">Xirr]]
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− | * [[Documentation/How_Tos/Calc:_XNPV_function|<div style="font-size: 120%;">Xnpv]]
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− | <div style="font-size: 140%; border-style: outset outset outset none; border-color:#DCE9FC;">Securities</div>
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− | * [[Documentation/How_Tos/Calc:_ACCRINT_function|<div style="font-size: 120%;">Accrint]]
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− | * [[Documentation/How_Tos/Calc:_ACCRINTM_function|<div style="font-size: 120%;">Accrintm]]
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− | * [[Documentation/How_Tos/Calc:_DISC_function|<div style="font-size: 120%;">Disc]]
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− | * [[Documentation/How_Tos/Calc:_DURATION_function|<div style="font-size: 120%;">Duration]]
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− | * [[Documentation/How_Tos/Calc:_DURATION_ADD_function|<div style="font-size: 120%;">Duration Add]]
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− | * [[Documentation/How_Tos/Calc:_EFFECTIVE_function|<div style="font-size: 120%;">Effective]]
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− | * [[Documentation/How_Tos/Calc:_EFFECT_ADD_function|<div style="font-size: 120%;">Effect Add]]
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− | * [[Documentation/How_Tos/Calc:_INTRATE_function|<div style="font-size: 120%;">Intrate]]
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− | * [[Documentation/How_Tos/Calc:_MDURATION_function|<div style="font-size: 120%;">Mduration]]
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− | * [[Documentation/How_Tos/Calc:_DURATION_ADD_function|<div style="font-size: 120%;">Duration Add]]
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− | * [[Documentation/How_Tos/Calc:_NOMINAL_function|<div style="font-size: 120%;">Nominal]]
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− | * [[Documentation/How_Tos/Calc:_NOMINAL_ADD_function|<div style="font-size: 120%;">Nominal Add]]
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− | * [[Documentation/How_Tos/Calc:_ODDFPRICE_function|<div style="font-size: 120%;">Oddfprice]]
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− | * [[Documentation/How_Tos/Calc:_ODDFYIELD_function|<div style="font-size: 120%;">Oddfyield]]
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− | <div style="font-size: 140%; border-style: outset outset outset none; border-color:#DCE9FC;">Coupons</div>
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− | * [[Documentation/How_Tos/Calc:_COUPDAYBS_function|<div style="font-size: 120%;">Coupdaybs]]
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− | * [[Documentation/How_Tos/Calc:_COUPDAYS_function|<div style="font-size: 120%;">Coupdays]]
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− | * [[Documentation/How_Tos/Calc:_COUPDAYSNC_function|<div style="font-size: 120%;">Coupdaysnc]]
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− | * [[Documentation/How_Tos/Calc:_COUPNCD_function|<div style="font-size: 120%;">Coupncd]]
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− | * [[Documentation/How_Tos/Calc:_COUPNUM_function|<div style="font-size: 120%;">Coupnum]]
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− | * [[Documentation/How_Tos/Calc:_COUPPCD_function|<div style="font-size: 120%;">Couppcd]]
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− | <div style="font-size: 140%; border-style: outset outset outset none; border-color:#DCE9FC;">Miscellaneous</div>
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− |
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− | * [[Documentation/How_Tos/Calc:_DOLLARDE_function|<div style="font-size: 120%;">Coupdaybs]]
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− | * [[Documentation/How_Tos/Calc:_DOLLARFR_function|<div style="font-size: 120%;">Coupdays]]
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− | }}__TOC__
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| == PPMT == | | == PPMT == |
| Returns the portion of the periodic payment which is repaid capital for a fixed rate loan or annuity. | | Returns the portion of the periodic payment which is repaid capital for a fixed rate loan or annuity. |
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− | : With a fixed rate loan, where you make a constant payment each period to pay off the loan over the term, some of each period payment is interest on the outstanding capital, and some is a repayment of capital. Over time (as you pay off capital), the interest becomes less and the capital repayment becomes more. | + | : With a fixed rate loan, where you make a constant payment each period to pay off the loan over the term, some of each period payment is interest on the outstanding capital, and some is a repayment of capital. Over time (as you pay off capital), the interest becomes less, and the capital repayment becomes more. |
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| : <tt>'''PPMT'''</tt> returns the capital repaid in the payment of a specified period. <tt>'''IPMT'''</tt> returns the interest paid in the payment of that period. Together they add up to the actual payment, given by <tt>'''PMT'''</tt>. <tt>'''PPMT'''</tt> is calculated as <tt>'''PMT'''</tt> - <tt>'''IPMT'''</tt>. | | : <tt>'''PPMT'''</tt> returns the capital repaid in the payment of a specified period. <tt>'''IPMT'''</tt> returns the interest paid in the payment of that period. Together they add up to the actual payment, given by <tt>'''PMT'''</tt>. <tt>'''PPMT'''</tt> is calculated as <tt>'''PMT'''</tt> - <tt>'''IPMT'''</tt>. |
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| === Example: === | | === Example: === |
| <tt>'''PPMT(5.5%/12; 12; 12*2; 5000; 0; 0)'''</tt> | | <tt>'''PPMT(5.5%/12; 12; 12*2; 5000; 0; 0)'''</tt> |
− | : returns <tt>'''-207.75'''</tt> in currency units. You take out a 2 year loan of 5000 currency units at a yearly interest rate of 5.5%, making monthly payments at the end of the month. In the 12<sup>th</sup> month you make your usual monthly repayment, of which 207.75 is repayment of capital. | + | : returns <tt>'''-207.75'''</tt> in currency units. You take out a 2-year loan of 5000 currency units at a yearly interest rate of 5.5%, making monthly payments at the end of the month. In the 12<sup>th</sup> month, you make your usual monthly repayment, of which 207.75 is repayment of capital. |
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| === Issues: === | | === Issues: === |
− | * '''PPMT''' formats the result as currency if the cell has default formatting. It thus displays a real currency amount. The amount returned by '''PPMT''' may still be fractional - the display rounds this to the nearest real currency. Note that your loan provider might round in a different way (for example always downwards). | + | * '''PPMT''' formats the result as currency if the cell has default formatting. It thus displays a real currency amount. The amount returned by '''PPMT''' may still be fractional - the display rounds this to the nearest real currency. Note that your loan provider might round in a different way (for example, always downwards). |
| * Excel claims that this function calculates the "payment on the principal for a given period". This seems to be wrong - it is the "payment on the principal" in the <u>payment</u> for that period. Calc and Excel produce the same results. Gnumeric returns slightly different results when payment is at the start of each period; possibly it calculates what Excel says it calculates. | | * Excel claims that this function calculates the "payment on the principal for a given period". This seems to be wrong - it is the "payment on the principal" in the <u>payment</u> for that period. Calc and Excel produce the same results. Gnumeric returns slightly different results when payment is at the start of each period; possibly it calculates what Excel says it calculates. |
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− | {{Documentation/SeeAlso| | + | {{SeeAlso|EN| |
| * [[Documentation/How_Tos/Calc: CUMIPMT function|CUMIPMT]] | | * [[Documentation/How_Tos/Calc: CUMIPMT function|CUMIPMT]] |
| * [[Documentation/How_Tos/Calc: CUMIPMT_ADD function|CUMIPMT_ADD]] | | * [[Documentation/How_Tos/Calc: CUMIPMT_ADD function|CUMIPMT_ADD]] |