## How to use the ISPMT function

*Article updated on April 17, 2018*

The ISPMT calculates the interest paid during a specific period of an investment.

Formula in cell B3:

=ISPMT(0.1/12,1,4*12,10000)

### Excel Function Syntax

ISPMT(*rate*, *per*, *nper*, *pv*)

### Arguments

rate |
Required. The interest rate. 10% = 0.1 |

per |
Required. The period for which you want to find the interest, and must be between 1 and nper. |

nper |
Required. The total number of payment periods. |

pv |
Required. The present value. For a loan, pv is the loan amount. |

### Comments

Make sure you use the same unit across all arguments.

Negative numbers is cash you pay and positive numbers is cash you receive.

### Functions in 'Financial'

The ISPMT function function is one of many functions in the 'Financial' category.

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