CUMIPMT
Returns the cumulative interest paid between start_period and end_period
Syntax
CUMIPMT(rate, nper, pv, start_period, end_period, type)
Arguments
| Argument |
Description |
Required |
rate |
The interest rate |
Required |
nper |
The total number of payment periods |
Required |
pv |
The present value |
Required |
start_period |
The first period in the calculation |
Required |
end_period |
The last period in the calculation |
Required |
type |
The timing of the payment |
Required |
Examples
Cumulative interest for first year of loan
=CUMIPMT(0.09/12, 30*12, 125000, 1, 12, 0)
Result ⇒
-11215.3429
Cumulative interest for second year
=CUMIPMT(0.09/12, 30*12, 125000, 13, 24, 0)
Result ⇒
-11135.2321
Interest for single payment period
=CUMIPMT(0.05/12, 60, 10000, 1, 1, 0)
Result ⇒
-41.6667
Related Functions
Other Financial functions:
- CUMPRINC - Returns the cumulative principal paid on a loan between start_period and end_period
- DB - Returns the depreciation of an asset for a specified period using the fixed-declining balance method
- DISC - Returns the discount rate for a security
- EFFECT - Returns the effective annual interest rate
- FV - Returns the future value of an investment.
- FVSCHEDULE - Returns the future value of an initial principal after applying a series of compound interest rates
- IPMT - Returns the interest payment for a given period for an investment based on periodic, constant payments and a constant interest rate.
- IRR - Returns the internal rate of return for a series of cash flows
- NOMINAL - Returns the annual nominal interest rate
- NPER - Returns the number of periods for an investment
- NPV - Calculates the net present value of a series of cash flows at a given discount rate
- PMT - Calculates the payment for a loan based on constant payments and a constant interest rate.
- PPMT - Returns the payment on the principal for a given period for an investment based on periodic, constant payments and a constant interest rate.
- PV - Returns the present value of an investment.
- RATE - Returns the interest rate per period of a loan or investment.
- SLN - Returns the straight-line depreciation of an asset for one period
- XIRR - Returns the internal rate of return for a schedule of cash flows that is not necessarily periodic
- XNPV - Returns the net present value for a schedule of cash flows that is not necessarily periodic
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