The interest rate per period.
The period for which you want to find the interest and must be in the range 1 to nper.
The total number of payment periods in an annuity.
The present value, or the lump-sum amount that a series of future payments is worth right now.
Optional. 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 (the future value of a loan, for example, is 0).
Optional. The number 0 or 1 and indicates when payments are due. If type is omitted, it is assumed to be 0.
Returns the interest payment for an investment for a given period.
Category: Financial