 Formulas > =IPMT()

# How To Use IPMT() Function in Google Sheets

Description

Calculates the payment on interest for an investment based on constant-amount periodic payments and a constant interest rate.

Common questions about the IPMT formula include:
1. What does the IPMT formula mean?
2. How is the IPMT formula calculated?
3. What input values are important to the IPMT formula?

The IPMT formula can be used appropriately to determine the amount of interest paid on a loan or mortgage in each period of the loan term.

The IPMT formula can be commonly mistyped as IMPT or by inputting incorrect order of the parameters or using incorrect syntax.

Common ways the IPMT formula is used inappropriately include mistyping parameters, using incorrect order of parameters or syntax in calculations, and not entering all input parameters accurately.

Common pitfalls when using the IPMT formula include entering incorrect parameters or parameters in the wrong order, using incorrect syntax or formulas, and not understanding the meaning of parameters or the IPMT formula itself.

Common mistakes when using the IPMT Formula include improperly entering parameters, using incorrect syntax or formulas, and not understanding the meaning of parameters or the IPMT formula itself.

Common misconceptions people might have with the IPMT Formula include incorrectly interpreting the results of the formula, misunderstanding the meaning of parameters or the IPMT formula itself, and not entering all parameters or input values accurately.

How To Actually Use IPMT() in Sheets

`IPMT(rate, period, number_of_periods, present_value, [future_value], [end_or_beginning])`

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Google Sheets IPMT Function | Calculate Interest Amount on a Loan | Google Sheets Functions

The Google Sheets IPMT function assists you to calculate the interest amount you've to pay on a loan for a specific period. For instance, if you have taken a 3-year loan, with the IPMT function you can calculate the interest amount for any payment period. For this task, in the IPMT function formula, all you need to do is to type the desired period as the value for the Period attribute. Use the IPMT function to calculate the interest amount for fixed periodic payments and fixed interest.

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