ISPMT Function in Excel: Syntax, Examples and Free Practice
ISPMT is an Excel Financial function. Calculates interest paid for a specific period of a loan with straight-line principal payments.
ISPMT syntax
Arguments
rate: The interest rate per periodper: Which period to calculate fornper: The total number of payment periodspv: The present value of the amount
When to use ISPMT
ISPMT is used in loan, investment, or valuation models where precise financial math is required.
Practice ISPMT online, free
Open the live Excel-style spreadsheet and try ISPMT yourself. No Excel install or sign-up needed to start.
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Frequently asked questions
What does the ISPMT function do in Excel?
Calculates interest paid for a specific period of a loan with straight-line principal payments.
What is the syntax of ISPMT in Excel?
The syntax is =ISPMT(rate, per, nper, pv). 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.
Where can I practice ISPMT online for free?
Open the free live spreadsheet on Cellgrids and try ISPMT yourself. No Excel install is needed and you can start without signing up.
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