Skip navigation

CUMPRINC and CUMIPMT: Calculating cumulative principal and interest paid between periods

CUMPRINC and CUMIPMT: Calculating cumulative principal and interest paid between periods: Excel 2016: Financial Functions in Depth
CUMPRINC and CUMIPMT: Calculating cumulative principal and interest paid between periods: Excel 2016: Financial Functions in Depth

When you pay back a loan, each payment has a principal component and an interest component. Payments early in the loan’s life consist mostly of paying down the interest, while payments late in the loan’s life are almost entirely principal. You can determine the cumulative interest and principal you’ve paid on a loan by using the CUMIPMT and CUMPRINC functions.

Resume Transcript Auto-Scroll
Skill Level Intermediate
2h 38m
Duration
184,918
Views
Show More Show Less
Skills covered in this course
Business Spreadsheets Excel Microsoft Office

Continue Assessment

You started this assessment previously and didn't complete it. You can pick up where you left off, or start over.

Start My Free Month

Start your free month on LinkedIn Learning, which now features 100% of Lynda.com courses. Develop in-demand skills with access to thousands of expert-led courses on business, tech and creative topics.

Start My Free Month

You are now leaving Lynda.com and will be automatically redirected to LinkedIn Learning to start your free trial.