# PPMT

## Content

This function returns the amount of payment of principal for a loan given the present value, specified interest rate, and number of terms.

## Syntax

`PPMT(rate, per, nper, pval, [fval], [type])`

## Arguments

This function has these arguments:

| Argument | Description |
| -------- | ----------- |
| *rate* | [Required] Value of interest rate per period. |
| *per* | [Required] Number of the period for which to find the interest, between 1 and *nper* |
| *nper* | [Required] Total number of payment periods in an annuity. |
| *pval* | [Required] Present value, worth now |
| *fval* | [Optional] Future value, cash value after the last payment; if omitted, the calculation uses zero |
| *type* | [Optional] Indicates when payments are due; at the end (0) or beginning (1) of the period; if omitted, the calculation uses the end (0) |

## Remarks

Be sure to express the interest rate as per annum. For example, if the interest rate is 8 percent, use 8 for the rate argument.
The result is represented by a negative number because it is money paid out by you.
See the [PV](/document-solutions/dot-net-excel-api/docs/online/formula-reference/financial-functions/pv) function for the equation for calculating financial values.

## Examples

`PPMT(B1,C4,C5,C6,C7,1)`
`PPMT(R1C2,R4C3,R6C3,R7C3,0)`
`PPMT(0.45, 22, 30, 6000, 7000)` gives the result -206.47