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PPmt# Function
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PPmt# (rate#, per#, nper#, pv#, fv#, type%, status%)
■ rate# The interest rate per period (for example, .12).
■ per# The payment period: must be in the range from 1 to nper#.
■ nper# The number of payment periods in the annuity.
■ pv# The present value.
■ fv# The future value.
■ type% An integer expression: 0 = end-of-period payment;
1 = beginning-of-period payment.
■ status% A variable that returns a value indicating calculation
failure or success: 0 = success; 1 = failure.
Returns
Payment on the principal for a given period of an annuity based
on periodic, constant payments and a constant interest rate.
See Also ◄FV#► ◄IPmt#► ◄NPer#► ◄Pmt#► ◄PV#► ◄Rate#►