CUMIPMT

This function returns the cumulative interest paid on a loan between the starting and ending periods.

Syntax

CUMIPMT(rate,nper,pval,startperiod,endperiod,paytype)

Arguments

This function has these arguments:

Argument	Description
rate	Interest rate
nper	Total number of payment periods
pval	Present value
startperiod	Starting period
endperiod	Ending period
paytype	Type of payment timing; can be any of:
	0 - Payment at end of the period
	1 - Payment at beginning of the period

Remarks

This functions returns a #NUM! error when rate, nper, or pval is negative or zero. Nper, startperiod, endperiod, and paytype are truncated to integers. If startperiod or endperiod is less than 1 or startperiod is greater than endperiod, a #NUM! error is returned. If paytype is a number other than 0 or 1, a #NUM! error is returned.

Data Types

Accepts numeric and DateTime object data. Returns numeric data.

Examples

CUMIPMT(B2/12,B4*12,C4,14,20,0)

Version Available

This function is available in product version 2.0 or later.