public static double PPmt( 
   double Rate,
   double Per,
   double NPer,
   double PV,
   double FV,
   DueDate Due
)

'Declaration
 
Public Shared Function PPmt( _
   ByVal Rate As Double, _
   ByVal Per As Double, _
   ByVal NPer As Double, _
   ByVal PV As Double, _
   Optional ByVal FV As Double, _
   Optional ByVal Due As DueDate _
) As Double

Parameters

Rate

Required. The interest rate per period. For example, if you get a car loan at an annual percentage rate (APR) of 10 percent and make monthly payments, the rate per period is 0.1/12, or 0.0083.

Per

Required. The payment period in the range 1 through NPer.

NPer

Required. The total number of payment periods in the annuity. For example, if you make monthly payments on a four-year car loan, your loan has a total of 4 x 12 (or 48) payment periods.

PV

Required. The current value of a series of future payments or receipts. For example, when you borrow money to buy a car, the loan amount is the present value to the lender of the monthly car payments you will make.

FV

Optional. The future value or cash balance you want after you have made the final payment. For example, the future value of a loan is $0 because that is its value after the final payment. However, if you want to save $50,000 over 18 years for your child's education, then $50,000 is the future value. If omitted, 0 is assumed.

Due

Optional. Object of type DueDate that specifies when payments are due. This argument must be either DueDate.EndOfPeriod if payments are due at the end of the payment period, or DueDate.BegOfPeriod if payments are due at the beginning of the period. If omitted, DueDate.EndOfPeriod is assumed.

Return Value

Reference

Financial Class
Financial Members