If you would like to include the equation for the monthly payment on a simple loan
(fv=0, type =0)
'Tn is the length of the loan.
'n is the period in question.
'pv = present value
'rt = Interest Rate
=(pv*rt*((rt + 1)^(Tn + 1) - (rt + 1)^n)) / ((rt + 1)* ((rt + 1)^Tn - 1))
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If you want just the basic equation, (fv=0, type=0), then...
IPMT = pmt + (1+ir)^(n-1) *(pv * ir - pmt)
You could add the equation for Pmt into the above if you wish.
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