Skip navigation

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.

Resume Transcript Auto-Scroll
Skill Level Intermediate
2h 38m
Duration
38,232
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 Your Free Trial Now

Start your free trial now, and begin learning software, business and creative skills—anytime, anywhere—with video instruction from recognized industry experts.

Start Your Free Trial Now