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Documentation/Formulas/CUMPRINC

CUMPRINC

Returns the cumulative principal paid on a loan between start_period and end_period

Syntax

CUMPRINC(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 principal for first year of loan

=CUMPRINC(0.09/12, 30*12, 125000, 1, 12, 0)
Result ⇒ -853.9964

Cumulative principal for second year

=CUMPRINC(0.09/12, 30*12, 125000, 13, 24, 0)
Result ⇒ -934.1071

Principal for single payment period

=CUMPRINC(0.05/12, 60, 10000, 1, 1, 0)
Result ⇒ -147.0457

Related Functions

Other Financial functions:


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