WorksheetFunction.Ispmt(Double, Double, Double, Double) Method
Definition
Important
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Calculates the interest paid during a specific period of an investment. This function is provided for compatibility with Lotus 1-2-3.
public:
double Ispmt(double Arg1, double Arg2, double Arg3, double Arg4);public double Ispmt (double Arg1, double Arg2, double Arg3, double Arg4);Public Function Ispmt (Arg1 As Double, Arg2 As Double, Arg3 As Double, Arg4 As Double) As DoubleParameters
- Arg1
- Double
Rate - the interest rate for the investment.
- Arg2
- Double
Per - the period for which you want to find the interest, and must be between 1 and nper.
- Arg3
- Double
Nper - the total number of payment periods for the investment.
- Arg4
- Double
Pv - the present value of the investment. For a loan, pv is the loan amount.
Returns
Remarks
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 an annual interest rate of 12 percent, 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.
For all the arguments, the cash you pay out, such as deposits to savings or other withdrawals, is represented by negative numbers; the cash you receive, such as dividend checks and other deposits, is represented by positive numbers.
For additional information about financial functions, see the Pv(Double, Double, Double, Object, Object) function.