Skip navigation

Calculating the principal and interest per loan payment (PPMT and IPMT)

Calculating the principal and interest per loan payment (PPMT and IPMT): Excel 2013: Financial Functions in Depth
Calculating the principal and interest per loan payment (PPMT and IPMT): Excel 2013: Financial Functions in Depth

Calculating the amount of principal you’ve paid on a loan lets you determine the amount of equity you have in a purchase and what your new monthly payment would be if you refinanced the loan at a specific interest rate and for a given length of time. Calculating the interest paid on a loan lets you find the amount of interest you paid in a year, which you can often write off on your tax return.

Resume Transcript Auto-Scroll
Skill Level Intermediate
2h 38m
Duration
104,528
Views
Show More Show Less
Skills covered in this course
Business Spreadsheets Excel

Continue Assessment

You started this assessment previously and didn't complete it. You can pick up where you left off, or start over.

Start My Free Month

Start your free month on LinkedIn Learning, which now features 100% of Lynda.com courses. Develop in-demand skills with access to thousands of expert-led courses on business, tech and creative topics.

Start My Free Month