When using the PPMT function in WPS Spreadsheet on Windows, common questions usually involve formula entry, argument meaning, and result checking; this FAQ includes 3 common questions and a glossary.
FAQ
What should I do if the PPMT function returns an error?
- Check whether the formula starts with
=. - Check whether the parentheses, commas, and number of arguments are correct.
- Make sure the period argument is within the valid range and that referenced cells do not contain invalid text.
How can I view the argument guidance for the PPMT function?
- Select any cell.
- Type
=PPMT(. - Review the function guidance that appears and enter the arguments in order.
Why does my PPMT result look incorrect?
- Check whether the rate and number of periods use the same time unit.
- Check whether present value, future value, and payment timing match your model.
- Check whether referenced cells contain text-formatted numbers, blanks, or invalid references.
Glossary
| Term | Definition |
|---|---|
| PPMT | A financial function that returns the principal payment for a specific period under a fixed interest rate and fixed payment schedule. |
| Period | The payment period being calculated. It usually needs to stay within the total number of periods. |
| Present value | The current value basis of a series of future payments in the model. |