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Difference between PPMT/IMPT and PMT

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    Difference between PPMT/IMPT and PMT

    Hi,
    I cannot understand the inconsistencies between PMT and PPMT+IPMT functions.
    Say rate=8%, nper=12, and pv=994.
    When I'm applying P/IPMT on this loan I get total return of 1429.3 (across all 12 periods). But when using PMT with the same parameters, the number is 1582.8, a big difference.
    Why does it happen?
    Unfortunately I cannot upload sample files due to admin restrictions.
    Thanks

    **It turned out I had a problem with the IPMT function. Solved now. Thanks.**
    Last edited by GIS2013; 08-31-2016 at 03:58 AM.
    Please * if you like the answer

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