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CUMIPMT(R, N, P, S, E, T)This function returns the cumulative interest paid between S (the start) and E (the end) on a loan. Make sure that you are consistent about the units used for specifying R and N. For example, for a 4-year loan with 10% annual interest rate, use 10%/12 for R and 412 for N). Parameters R Rate, a numeric expression N Number of payments, an integer 0 P Present value S Starting period in calculation E Ending period in calculation T (Optional) timing of the payment: 0 payment is made at the end of the period 1 payment is made at the beginning of the period Example CUMIPMT(9.5%/12, 3012, 100000, 1, 12, 0) = 9473.61 |