IPMT Function in Excel

IPMT Function in Excel

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🌟 Part 1: Introduce📌 DefinitionThe IPMT Function in Microsoft Excel calculates the interest payment for an investment or loan period.📌 PurposeThe function is commonly used in financial analysis to determine the interest portion of a payment for a specific period.📌 Syntax & Argumentssyntax=IPMT(rate, per, nper, pv, [fv], [type]) 📌 Explain the Arguments in the FunctionRate: … Read more