IPMT Function in Excel: Syntax, Examples and Free Practice
IPMT is an Excel Financial function. Returns the interest portion of a loan payment for a given period.
IPMT syntax
Arguments
rate: The interest rate per periodper: Which period to calculate fornper: The total number of payment periodspv: The present value of the amountfv: The future value of the amount (optional)
When to use IPMT
IPMT is used in loan, investment, or valuation models where precise financial math is required.
Practice IPMT online, free
Open the live Excel-style spreadsheet and try IPMT yourself. No Excel install or sign-up needed to start.
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Frequently asked questions
What does the IPMT function do in Excel?
Returns the interest portion of a loan payment for a given period.
What is the syntax of IPMT in Excel?
The syntax is =IPMT(rate, per, nper, pv, [fv], [type]). rate: The interest rate per period; per: Which period to calculate for; nper: The total number of payment periods; pv: The present value of the amount; fv: The future value of the amount (optional).
Where can I practice IPMT online for free?
Open the free live spreadsheet on Cellgrids and try IPMT yourself. No Excel install is needed and you can start without signing up.
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