Home ➜ VBA Tutorial ➜ Top VBA Functions ➜ **VBA PPMT Function (Syntax + Example)**

The VBA PPMT function is listed under the financial category of VBA functions. When you use it in a VBA code, **you can calculate the principal amount of payment of a load or an investment**. In simple words, every loan and investment has an interest rate and PPMT helps you calculate the only principal amount i.e. without adding the interest (of the amount) part.

## Syntax

**PPmt(Rate, Per, Nper, Pv, [Fv], [Due])**

## Arguments

**Rate**: The rate of interest for the period.**Per**: The number of the period for which you want to calculate the interest (It must be within 1 to Nper).**Nper**: The number of periods to pay the loan or investment.**PV**: The present value of investment or loan.**[FV]**: The future value of the loan/investment [This is an optional argument and if omitted VBA takes 0 by default].**[Due]**: Defines whether the payment is due at the start or the end of the period, use 0 for the end of the period and 1 for the start of the period [This is an optional argument and if omitted VBA takes the end of the period by default].

## Example

To practically understand how to use VBA PPMT function, you need to go through the below example where we have written a vba code by using it:

```
Sub example_PPMT()
Range("A9").Value = PPmt(0.08 / 12, 1, 5 * 12, 98000)
End Sub
```

In the above code, we have used the PPMT to calculate the principal part of the payment for the first month of the investment as we used 1 in the per (period) and in the result, it has returned -1333.75 in the result.

## Notes

- If Per is ≤ 0 or > Nper then VBA will return a run-time error 5.

## Related Functions

DDB | FV | IPMT | IRR | MIRR | NPER | NPV | PMT | PV | RATE | SLN | SYD