Function Name Syntax

DB() DB( cost, salvage, life, period, [month] )

SLN() SLN( cost, salvage, life )

PMT() PMT( rate, nper, pv, [fv], [type])

IPMT() IPMT(rate, per, nper, pv, [fv], [type])

PPMT() PPMT(rate, per, nper, pv, [fv], [type])

CUMPRINC() CUMPRINC(rate, nper, pv, start_period, end_period, type)

CUMIPMT() CUMIPMT(rate, nper, pv, start_period, end_period, type)

Description
The Excel DB function calculates the depreciation of an asset, using the Fixed Declining Balance Method, for each
period of the asset's lifetime.

SLN function returns the depreciation of an asset for a period based on the straight-line depreciation method.

PMT function returns the payment amount for a loan based on an contstant interest rate and a constant payment
schedule.
IPMT function returns the interest payment for a given period for an investment based on periodic, constant
payments and a constant interest rate.
PPMT function returns the payment on the principal for a given period for an investment based on periodic,
constant payments and a constant interest rate.

CUMPRINC function returns the cumulative principle paid on a loan between start_period and end_period..

CUMIPMT function returns the cumulative interest paid on a loan between start_period and end_period..
Function Name DB()
The Excel DB function calculates the depreciation of an asset,
Description using the Fixed Declining Balance Method, for each period of the
asset's lifetime.

Syntax DB( cost, salvage, life, period, [month] )

Example Asset Cost ₹ 10,000.00
Salvage Value ₹ 1,000.00 Salvage value is the estimated resale value of an asset at th
Life (in Years) ₹ 5.00
Period The period number for which we want to calculate the dep
Month 6 Optional. It is the number of months in the first year of dep

Result Depreciation Asset Value

1st Year
2nd Year
3rd Year
4th Year
5th Year
tion of an asset,
each period of the

onth] )

ted resale value of an asset at the end of its useful life.

ch we want to calculate the depreciation.

of months in the first year of depreciation. If this parameter is omitted, the DB function will assume that there are 12 months in the firs
re 12 months in the first year.
Function Name SLN()
SLN function returns the depreciation of an asset for a period
Description based on the straight-line depreciation method.

Syntax SLN( cost, salvage, life )

Example Asset Cost ₹ 10,000.00
Salvage Value ₹ 1,000.00 Salvage value is the estimated resale value of an asset at the
Life (in Years) ₹ 3.00

Result
sset for a period
od.

ted resale value of an asset at the end of its useful life.

1.Find the yearly deprecia
asset that costs 14,000 at
value of 1,000 after 7 yea

2. If a business has purcha

and expects it to have a u
of 1,200. Calculate yearly
calculation method.

3. Find monthly depreciati

value 12,00 after 60 mont
 Find the yearly depreciation (using declining balance calculation) of an
sset that costs 14,000 at the start of year 1, and has a estimated salvage
alue of 1,000 after 7 years.

If a business has purchased equipment costing 18,000 in end of May'15

nd expects it to have a useful life of 5 years and an estimated salvage value
1,200. Calculate yearly depreciation rate table using declining balance
alculation method.

Find monthly depreciation of asset cost 18,000 and estimated salvage

alue 12,00 after 60 months Using the declining Balance Method
Function Name PMT()
PMT function returns the payment amount for a loan based on an
Description contstant interest rate and an constant payment schedule.

Syntax PMT( rate, nper, pv, [fv], [type])

rate The interest rate for the loan.
Nper The total number of payments for the loan.
Pv The present value, or the total amount that a series of future payments is worth now; also known
Fv The future value, or a cash balance you want to attain after the last payment is made. If fv is omitt
type The number 0 (zero) or 1 and indicates when payments are due.

Example 1 interest_rate 7.50% annual

Loan term 2 years
Loan Amount ₹ 50,000.00
Future balance ₹ -
type 0 payment due in end of month

Result Montlhy EMI

EMI Monthly Caluculation

Payment Number Interest Principal Balance

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
 20
21
22
23
24

Total ₹ 0.00 ₹ 0.00

r a loan based on an
ent schedule.

ments is worth now; also known as the principal.

t payment is made. If fv is omitted, it is assumed to be 0 (zero), that is, the future value of a loan is 0.
Function Name IPMT()
IPMT function returns the interest payment for a given period for
Description an investment based on periodic, constant payments and a
constant interest rate.

Syntax IPMT(rate, per, nper, pv, [fv], [type])

rate The interest rate for the loan.
per The period for which you want to find the interest and must be in the range 1 to nper
Nper The total number of payments for the loan.
Pv The present value, or the total amount that a series of future payments is worth now; also kno
Fv The future value, or a cash balance you want to attain after the last payment is made. If fv is om
type The number 0 (zero) or 1 and indicates when payments are due.

Example 1 interest_rate 7.50% annual

Payment Number 1
Loan term ₹ 2.00 years
Loan Amount ₹ 50,000.00
Future balance ₹ -
type 0 payment due in end of month

Result Montlhy EMI

or a given period for
yments and a

pe])
the range 1 to nper

ments is worth now; also known as the principal.

t payment is made. If fv is omitted, it is assumed to be 0 (zero), that is, the future value of a loan is 0.
Function Name PPMT()
PPMT function returns the payment on the principal for a given
Description period for an investment based on periodic, constant payments
and a constant interest rate.

Syntax PPMT(rate, per, nper, pv, [fv], [type])

rate The interest rate for the loan.
per The period for which you want to find the principal and must be in the range 1 to nper
Nper The total number of payments for the loan.
Pv The present value, or the total amount that a series of future payments is worth now; also known
Fv The future value, or a cash balance you want to attain after the last payment is made. If fv is omitt
type The number 0 (zero) or 1 and indicates when payments are due.

Example 1 interest_rate 7.50% annual

Payment Number 2
Loan term ₹ 2.00 years
Loan Amount ₹ 50,000.00
Future balance ₹ -
type 0 payment made in end of month

Result Montlhy EMI

incipal for a given
onstant payments

pe])
the range 1 to nper

ments is worth now; also known as the principal.

t payment is made. If fv is omitted, it is assumed to be 0 (zero), that is, the future value of a loan is 0.
Function Name CUMPRINC()
CUMPRINC function returns the cumulative principle paid on a
Description loan between start_period and end_period..

Syntax CUMPRINC(rate, nper, pv, start_period, end_per

rate The interest rate for the loan.
Nper The total number of payments for the loan.
Pv The present value, or the total amount that a series of future payments is worth now; also know
start Period The first period in the calculation. Payment periods are numbered beginning with 1
End Period The last period in the calculation.
Type The Timing of Payment (0/1)

Example 1 interest_rate 7.50% annual

Payment Number 2
Loan Amount ₹ 50,000.00
start period 2
End Period 5
type 0 payment made in end of month

Result Total Principal

rinciple paid on a

period, end_period, type)

ments is worth now; also known as the principal.

beginning with 1
Function Name CUMIPMT()
CUMIPMT function returns the cumulative interest paid on a loan
Description between start_period and end_period..

Syntax CUMIPMT(rate, nper, pv, start_period, end_perio

rate The interest rate for the loan.
Nper The total number of payments for the loan.
Pv The present value, or the total amount that a series of future payments is worth now; also known
start Period The first period in the calculation. Payment periods are numbered beginning with 1
End Period The last period in the calculation.
Type The Timing of Payment (0/1)

Example 1 interest_rate 10.00% annual

Payment Number 10
Loan Amount ₹ 100,000.00
start period 2
End Period 5
type 0 payment made in end of month

Result Total Interest

 erest paid on a loan

eriod, end_period, type)

ments is worth now; also known as the principal.

beginning with 1