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Calculating the interest paid during a specific period (ISPMT)

Calculating the interest paid during a specific period (ISPMT): Excel 2013: Financial Functions in Depth
Calculating the interest paid during a specific period (ISPMT): Excel 2013: Financial Functions in Depth

When you take out a loan, you or your accountant might need to know how much interest you paid for a given period. If you borrow $250,000 for some facility upgrades, you might be able to write off some or all of the interest paid for a given month, quarter, or year. You can discover how much interest you paid on a loan by using the ISPMT function.

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Skill Level Intermediate
2h 38m
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Business Spreadsheets Excel

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