Wherein it calculates the interest paid or received during a given period of a loan or investment, where principal payments are equal.

Mandatory per The period for which you want to find the interest, and must be between 1 and Nper.

If you make monthly payments on a four-year loan at an annual interest rate of 12 percent, use 1212 for Rate and 412 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 payout, 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.

Most loans use a repayment schedule with even periodic payments.

The IPMT function returns the interest payment for a given period for this type of loan.

Some loans use a repayment schedule with even principal payments.

The ISPMT function returns the interest payment for a given period for this type of loan.

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How To Find Nper In Excel For Mac