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PPmt Function
This standard VB function returns the principal portion of the payment for a given period of an annuity.
Syntax
PPmt(rate, per, nper, pv, fv, due)
Returns
The principal portion of the payment for a given period.
Usage
Rate is assumed to be constant over the life of the loan or annuity. If payments are on a monthly schedule, then rate is 0.0075 if the annual percentage rate on the annuity or loan is 9%.
Example
This example finds the principal portion of a loan payment amount for payments made in the last month of the first year. The loan is for $25,000 to be paid back over 5 years at 9.5% interest.
Sub Button_Click
Dim aprate, periods
Dim payperiod
Dim loanpv, due
Dim loanfv, principal
Dim msgtext
aprate = 9.5/100
payperiod = 12
periods = 120
loanpv = 25000
loanfv = 0
' Assume payments are made at end of month
due = 0
principal = PPmt(aprate/12,payperiod,periods, _
-loanpv,loanfv,due)
msgtext = "Given a loan of $25,000 @ 9.5% for 10 years,"
msgtext = msgtext & Chr(10) & "the principal paid in month 12 is: "
End SubSee Also
FV Function
IPmt Function
IRR Function
NPV Function
PPmt Function
PV Function
Rate Function
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Siebel VB Language Reference Published: 18 June 2003 |