# IPMT

## Syntax of IPMT function

The syntax of the IPMT function is as follows:

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

``` - **rate**: The interest rate for the investment. - **per**: The period for which the interest payment needs to be calculated. - **nper**: The total number of payment periods for the investment. - **pv**: The present value of the investment. - **fv**: [optional] The future value of the investment. Default value is 0. - **type**: [optional] The type of payment at the beginning or end of each period. Default value is 0. Example Usage Suppose we have an investment of \$10,000 with an annual interest rate of 5%, to be paid over 5 years with monthly payments. We want to calculate the interest payment for the 8th month. The formula using IPMT function will be: ```

=IPMT(5%/12, 8, 5*12, 10000, 0, 0)

``` - The first argument `5%/12` is the monthly interest rate. - The second argument `8` is the period for which interest payment needs to be calculated. - The third argument `5*12` is the total number of payment periods, which is 60 months. - The fourth argument `10000` is the present value of the investment. - The fifth argument `0` is the future value of the investment. - The sixth argument `0` is the type of payment made at the end of each period. The result of the formula will be the interest payment for the 8th month, which is \$41.67. Using IPMT function in Power BI To use the IPMT function in Power BI, follow these steps: 1. Open a new or existing Power BI report 2. Click on the 'Modeling' tab in the ribbon menu 3. Click on 'New Measure' 4. Enter a name for the measure, for example 'Interest Payment' 5. Enter the formula using the IPMT function, for example: ```

Interest Payment = IPMT(0.05/12, [Period], 60, 10000, 0, 0)

``` 6. Save the measure and use it in your report visuals In the above example, the measure calculates the interest payment for a given period using the IPMT function. The period is a user input parameter that can be added to the report as a slicer. The Power BI DAX function IPMT is a powerful tool for financial analysis and forecasting. It can be used to calculate the interest payment for a given period of an investment based on a constant payment and a constant interest rate. The function is easy to use and can be integrated into Power BI reports to provide valuable insights for decision making. Power BI DAX Training Courses by G Com Solutions (0800 998 9248) Power BI DAX Intensive Training Course £1,260.00 – £31,860.00 Select optionsContinue Loading Done Power BI DAX Introduction £474.00 – £11,700.00 Select optionsContinue Loading Done Power BI DAX Intermediate £474.00 – £11,700.00 Select optionsContinue Loading Done Power BI DAX Advanced £474.00 – £11,700.00 Select optionsContinue Loading Done Upcoming Courses 15-17 July 202416-18 September 202411-13 November 2024 Contact Us Subject Your Name (required) Company/Organisation Email (required) Telephone Training Course(s) Power BI Intensive TrainingPower BI introduction Power BI IntermediatePower BI AdvancedDAXPower Query MPower BI CertificationPower BI AdministrationPower PlatformPower AutomatePower AppsOTHER Your Message Upload Example Document(s) (Zip multiple files) ```
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