PPMT Function in Excel

PPMT Function in Excel

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🌟 Part 1: Introduction to PPMT Function in Microsoft Excel📚 DefinitionThe PPMT function in Microsoft Excel calculates the principal amount of a loan payment for a specific period.🎯 PurposeThis function is commonly used in Finance and Accounting to break down loan payments into their principal and interest components.🛠 Syntax & Argumentssyntax=PPMT(rate, per, nper, pv, [fv], … Read more