This function returns the cumulative interest paid on a loan between the starting and ending periods.
CUMIPMT(rate,nper,pval,startperiod,endperiod,paytype)
This function has these arguments:
| Argument | Description |
|---|---|
| rate | Interest rate |
| nper | Total number of payment periods |
| pval | Present value |
| startperiod | Starting period |
| endperiod | Ending period |
| paytype | Type of payment timing; can be any of: |
| 0 - Payment at end of the period | |
| 1 - Payment at beginning of the period |
This functions returns a #NUM! error when rate, nper, or pval is negative or zero. Nper, startperiod, endperiod, and paytype are truncated to integers. If startperiod or endperiod is less than 1 or startperiod is greater than endperiod, a #NUM! error is returned. If paytype is a number other than 0 or 1, a #NUM! error is returned.
Accepts numeric and DateTime object data. Returns numeric data.
CUMIPMT(B2/12,B4*12,C4,14,20,0)
CUMIPMT(B2/12,B4*12,C4,14,20,0)
This function is available in product version 2.0 or later.
CUMPRINC | INTRATE | Financial Functions
