CUMIPMT

Function Type: Financial

Description:

Returns the cumulative interest paid between two periods.

Function Structure:

=CUMIPMT(rate, nper, pv, start_period, end_period, type)

Argumet Breakdown:

rate – The interest rate per period.

nper – The total number of payments for the loan.

pv – The present value, or total value of all payments now.

start_period – First payment in calculation.

end_period – Last payment in calculation.

type – When payments are due. 0 = end of period. 1 = beginning of period.

Example:

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