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CUMIPMT |
  
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CUMIPMT |
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This function returns the cumulative interest paid on a loan between the starting and ending periods.
Syntax
CUMIPMT(rate,nper,pval,startperiod,endperiod,paytype)
Arguments
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: |
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0 - Payment at end of the period |
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1 - Payment at beginning of the period |
Remarks
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.
Data Types
Accepts numeric and DateTime object data. Returns numeric data.
Examples
CUMIPMT(B2/12,B4*12,C4,14,20,0)
CUMIPMT(B2/12,B4*12,C4,14,20,0)
See Also