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<?xml version="1.0" encoding="UTF-8"?>
<helpdocument version="1.0">
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<meta>
<topic id="textsbasicshared03140002xml" indexer="include" status="PUBLISH">
<title id="tit" xml-lang="en-US">IPmt Function [VBA]</title>
<filename>/text/sbasic/shared/03140002.xhp</filename>
</topic>
</meta>
<body>
<section id="ipmt">
<bookmark xml-lang="en-US" branch="index" id="bm_id3150499">
<bookmark_value>IPmt function</bookmark_value>
</bookmark>
<paragraph id="hd_id3150499" role="heading" level="1" xml-lang="en-US"><link href="text/sbasic/shared/03140002.xhp" name="IPmt Function [VBA]">IPmt Function [VBA]</link></paragraph>
<paragraph id="par_id3151384" role="paragraph" xml-lang="en-US">Calculates the periodic amortizement for an investment with regular payments and a constant interest rate.</paragraph>
</section>
<embed href="text/sbasic/shared/00000003.xhp#vbasupport"/>
<embed href="text/sbasic/shared/00000003.xhp#functsyntax"/>
<bascode>
<paragraph id="par_id3143267" role="bascode" localize="false" xml-lang="en-US">IPmt(Rate as Double, Per as Double, NPer as Double, PV as Double, [FV as Variant], [Due as Variant])</paragraph>
</bascode>
<embed href="text/sbasic/shared/00000003.xhp#functvalue"/>
<paragraph id="par_id3150669" role="paragraph" localize="false" xml-lang="en-US">Double</paragraph>
<embed href="text/sbasic/shared/00000003.xhp#functparameters"/>
<paragraph id="par_id061420170730135034" role="paragraph" xml-lang="en-US"><emph>Rate</emph> is the periodic interest rate.</paragraph>
<paragraph id="par_id061420170730137782" role="paragraph" xml-lang="en-US"><emph>Per</emph> is the period, for which the compound interest is calculated. Period=NPER if compound interest for the last period is calculated.</paragraph>
<paragraph id="par_id061420170730134582" role="paragraph" xml-lang="en-US"><emph>NPer</emph> is the total number of periods, during which annuity is paid.</paragraph>
<paragraph id="par_id061420170730144688" role="paragraph" xml-lang="en-US"><emph>PV</emph> is the present cash value in sequence of payments.</paragraph>
<paragraph id="par_id061420170730148520" role="paragraph" xml-lang="en-US"><emph>FV</emph> (optional) is the desired value (future value) at the end of the periods.</paragraph>
<paragraph id="par_id061420170730141431" role="paragraph" xml-lang="en-US"><emph>Due</emph> (optional) is the due date for the periodic payments.</paragraph>
<paragraph id="par_id0614201704292615" role="paragraph" xml-lang="en-US">0 - the payment is due at the end of the period;</paragraph>
<paragraph id="par_id061420170429263061" role="paragraph" xml-lang="en-US">1 - the payment is due at the beginning of the period.</paragraph>
<embed href="text/sbasic/shared/00000003.xhp#errorcode"/>
<embed href="text/sbasic/shared/00000003.xhp#err5"/>
<embed href="text/sbasic/shared/00000003.xhp#functexample"/>
<bascode>
<paragraph id="par_id061420170142119551" role="bascode" localize="false" xml-lang="en-US">Sub ExampleIPmt</paragraph>
<paragraph id="par_id061420170142169416" role="bascode" localize="false" xml-lang="en-US"> Dim myIPmt As Double</paragraph>
<paragraph id="par_id06142017014218316" role="bascode" localize="false" xml-lang="en-US"> myIPmt = IPmt(0.05,5,7,15000)</paragraph>
<paragraph id="par_id061420170142332315" role="bascode" xml-lang="en-US"> Print myIPmt ' returns -352.97 currency units. The compound interest during the fifth period (year) is 352.97 currency units.</paragraph>
<paragraph id="par_id061420170142255740" role="bascode" localize="false" xml-lang="en-US">End Sub</paragraph>
</bascode>
<section id="relatedtopics">
<paragraph id="par_id061420170153186192" role="paragraph" xml-lang="en-US"><link href="text/scalc/01/04060118.xhp#bm_id3149339">IPMT function in CALC</link></paragraph>
<embed href="text/sbasic/shared/00000003.xhp#VBA-Financial"/>
</section>
</body>
</helpdocument>
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