Calculate cumulative loan interest
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Calculate cumulative loan interest
To calculate the cumulative principal paid between any two loan payments, you can use the CUMIPMT function. In the example shown, we calculate the total principal paid over the full term of the loan by using the first and last period. The formula in C10 is: =CUMIPMT(C6/12,C8,C5,1,60,0)
Jun 27, 2022
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