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PPMT and IPMT: Calculating the principal and interest per loan payment

PPMT and IPMT: Calculating the principal and interest per loan payment: Excel 2016: Financial Functions in Depth
PPMT and IPMT: Calculating the principal and interest per loan payment: Excel 2016: 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.

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Skill Level Intermediate
2h 38m
Duration
197,946
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Skills covered in this course
Business Spreadsheets Excel Microsoft Office

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