# WorksheetFunction.Ppmt (Excel)

Returns the payment on the principal for a given period for an investment based on periodic, constant payments and a constant interest rate.

For a more complete description of the arguments in Ppmt, see the Pv function. The following table describes the values that can be used for Arg6.

Ppmt (Arg1, Arg2, ..., Arg6)

``````
Dim dblArg1 As Double: dblArg1 =
Dim dblArg2 As Double: dblArg2 =
Dim dblArg3 As Double: dblArg3 =
Dim dblArg4 As Double: dblArg4 =
Dim dblPpmt As Double
dblPpmt = WorksheetFunction.Ppmt(Arg1:=dblArg1, Arg2:=dblArg2, Arg3:=dblArg3, Arg4:=dblArg4)
``````

## Arguments

Arg1, Arg2, ..., Arg6

Arg1 (Double) - Rate - the interest rate per period.

Arg2 (Double) - Per - the period and must be in the range 1 to nper.

Arg3 (Double) - Nper - the total number of payment periods in an annuity.

Arg4 (Double) - Pv - the present value—the total amount that a series of future payments is worth now.

Arg5 - Fv - the future value, or a cash balance you want to attain after the last payment is made. If fv is omitted, it is assumed to be 0 (zero), that is, the future value of a loan is 0

Arg6 - Type - the number 0 or 1 and indicates when payments are due