Manuals/calci/cumipmt

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CUMIPMT(R, NPPeriods, PValue, SP, EP, Type)


  • is the interest rate.
  • is the total number of payment periods.
  •  is the present value.
  •  is the first period beginning with 1.
  •  is the last period.
  •  is the timing of the payment.

Description

  • This function gives the cumulative interest paid on a loan between and .
  • CUMIPMT shows the ERROR value when
1. 
2. 
3. 
4. Failed to parse (unknown function "\lt"): {\displaystyle P\lt 1}

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

6. Failed to parse (unknown function "\gt"): {\displaystyle SP \gt EP}
,
  • 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,B3*12,B4,13,24,0)

CUMIPMT returns -5527.3132.

Consider another example

=CUMIPMT(0.02/12,10*12,200000,10,20,1) CUMIPMT returns -3269.9831.

References