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Calculating cumulative principal and interest paid between periods (CUMPRINC and CUMIPMT)

Calculating cumulative principal and interest paid between periods (CUMPRINC and CUMIPMT): Excel 2013: Financial Functions in Depth
Calculating cumulative principal and interest paid between periods (CUMPRINC and CUMIPMT): Excel 2013: 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.

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Skill Level Intermediate
2h 38m
Duration
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Skills covered in this course
Business Spreadsheets Excel

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