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Microsoft® Excel® 2010 Formulas & Functions Inside Out by Helmut Reinke Egbert Jeschke Sara Unverhau, Eckehard Pfeifer, Bodo Fienitz, and Jens Bock

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CUMIPMT()

Syntax. CUMIPMT(Rate,Nper,Pv,Start_Period,End_Period,Type)

Definition. This function calculates the accrued interest that is paid between two points in time when a loan is repaid as an annuity loan.

Arguments

  • Rate (required) The nominal interest of the loan.

  • Nper (required) The total number of periods in which the loan is repaid.

  • Pv (rquired) The loan amount.

  • Start_Period (required) The first period of the calculation.

  • End_Period (required) The last period of the calculation.

  • Type (required) With the (by way of exception, required) maturity argument M, you can specify whether the payments become interest effective at the start of the periods (Type = 1) or at the end of the period (Type = 0).

If the values of function arguments (which require ...

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