NumPy Financial functions: ppmt() function

Last update on August 19 2022 21:50:38 (UTC/GMT +8 hours)

numpy.ppmt() function

The ppmt() function is used to compute the payment against loan principal.

Syntax:

numpy.ppmt(rate, per, nper, pv, fv=0.0, when='end')

Version: 1.15.0

Parameter:

Name	Description	Required / Optional
rate	Rate of interest (per period) array_like	Required
per	Amount paid against the loan changes. The per is the period of interest. array_like, int	Required
nper	Number of compounding periods array_like	Required
pv	Present value array_like	Required
fv	Future value array_like	Optional
when	When payments are due ('begin' (1) or 'end' (0)) {{'begin', 1}, {'end', 0}}, {string, int}	Required

NumPy.ppmt() method Example:

What is the monthly payment needed to pay off a $100,000 loan in 12 years at an annual interest rate of 8.5%?

>>> import numpy as np
>>> np.ppmt(0.085/12, 1, 12*12, 100000)

Output:

-401.72223098117627

Monthly payment $401.722 is needed.

Python - NumPy Code Editor:

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