![]() ![]() ![]() period refers to the amortization period.The PPMT syntax is almost the same as the PMT, but it includes the period argument: =PPMT(rate, period, number_of_periods, present_value, ) end_or_beginning is an optional argument that specifies if the payments are due at the end (represented by “0”) or start (“1”) of each period.future_value is an optional argument that represents the future value that will remain after making the final payment. ![]() number_of_periods is the number of payments you need to make to settle the loan.rate is the interest rate for the payment period.PMT Syntax = PMT(rate, number_of_periods, present_value, ) PMT, PPMT, and IPMT functionsīefore diving into the steps to create your loan amortization schedule, let’s see how these functions are expressed as a formula and what each argument means. In Google Sheets, you can use the PMT, PPMT, and IPMT functions to create your own loan amortization schedule. As these payments are periodic, you can schedule them beforehand to see the principal and interest amount you’ll need to pay until you fully settle the loan. Loan amortization is a process aimed at paying off the interest payment for a given period, and then the remaining amount is put towards reducing the principal payment. What is a Google Sheets loan amortization schedule? ![]()
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