VBA IPmt function in Excel is categorized as Financial function. This is a built-in Excel VBA Function. This function calculates the interest part of a payment in a specific period of regular interval time.
We can use this function in VBA and can’t use in Excel. This function we use in either procedure or function in a VBA editor window in Excel. We can use this VBA IPmt Function in any number of times in any number of procedures or functions. Let us learn what is the syntax and parameters of the IPmt function, where we can use this IPmt Function and real-time examples in Excel VBA.
Syntax of VBA IPmt Function
The syntax of the IPmt Function in VBA is
IPmt(Rate, Per, NPer, PV, [FV], [Due])
The IPmt function returns a double value.
Parameters or Arguments:
The IPmt function has six arguments in Excel VBA.
Rate:The Rate is a required argument.
Per:The Per is a required argument.
NPer:The NPer is a required argument.
PV:The PV is a required argument.
[FV]:The [FV] is an optional argument.
[Due]:The[Due] is an optional argument.
Where we can apply or use VBA IPmt Function?
We can use this IPmt Function in VBA MS Office 365, MS Excel 2016, MS Excel 2013, 2011, Excel 2010, Excel 2007, Excel 2003, Excel 2016 for Mac, Excel 2011 for Mac, Excel Online, Excel for iPhone, Excel for iPad, Excel for Android tablets and Excel for Android Mobiles.
Instructions to Run VBA Macro Code or Procedure:
You can refer the following link for the step by step instructions.
Instructions to run VBA Macro Code
Other Useful Resources:
Click on the following links of the useful resources. These helps to learn and gain more knowledge.
VBA Tutorial VBA Functions List VBA Arrays in Excel Blog
VBA Editor Keyboard Shortcut Keys List VBA Interview Questions & Answers