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How To Calculate Interest Paid On Your Loan Amount | CUMIPMT Function In Excel
The CUMIPMT function calculates the cumulative interest paid between two periods for a loan or investment, assuming fixed periodic payments and a fixed interest rate.
For example, if you have a loan with 10.25% annual interest rate, 12 payment periods, 10,000 loan amount, You can calculate using this function
This function is useful for financial analysis, in scenarios involving loans or investments with regular payments.
How To Calculate Interest Paid On Your Loan Amount | CUMIPMT Function In Excel
The CUMIPMT function calculates the cumulative interest paid between two periods for a loan or investment, assuming fixed periodic payments and a fixed interest rate.
For example, if you have a loan with 10.25% annual interest rate, 12 payment periods, 10,000 loan amount, You can calculate using this function
This function is useful for financial analysis, in scenarios involving loans or investments with regular payments.
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