Manuals/calci/cumprinc

CUMPRINC(R,PP,PV,SP,EP,Type)

• $R$ is the interest rate.
• $PP$ is the total number of payment periods.
• $PV$ is the present value.
• $SP$ is the Start period beginning with 1.
• $EP$ is the End period.
• $Type$ is the timing of the payment.

Description

• This function gives the cumulative interest paid on a loan between $SP$ and $EP$.
• CUMIPMT shows the ERROR value when

1. Interest Rate$(R)\leq 0$
2. Payment Periods $(PP)\leq 0$
3. Present Value$(PV)\leq 0$
4. Start PeriodFailed to parse (unknown function "\lt"): {\displaystyle (SP)\lt 1}

5. End PeriodFailed to parse (unknown function "\lt"): {\displaystyle (EP)\lt 1}

6. Failed to parse (unknown function "\gt"): {\displaystyle SP \gt EP}

• $Type$ should be 0 or 1.

TYPE             TIMIING
0                 Payment at the end of the period
1                 Payment at the beginning of the period

Examples

=CUMIPMT(0.03/12,12*12,12000,13,24,0)

-869.2062289

=CUMPRINC(0.02/12,10*12,200000,10,20,1)

-16939.2946.

References

CUMPRINC