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From: spprivate
Message 3 in Discussion


IPMT Returns the interest payment for an investment for a given period. It is computed 
using the following:  
 
(PV(1+rate)nper-1 +pmt(1+rate*When)   (1+rate)nper-1/rate))*rate 

 
 
   Parameters:  rate - a double, the interest rate  period - an int, the payment 
period  nper - an int, the total number of periods  pv - a double, the present value  
fv - a double, the future value  when - an int, the time in each period when the 
payment is made, either AT_END_OF_PERIOD or AT_BEGINNING_OF_PERIOD  HTH Cheers Satheesh

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