CUMPRINC |
| CUMPRINC(rate, nper, pv, start_period, end_period, type) |
Returns the cumulative principal paid on a loan between two dates. |
| rate | The fixed interest rate per period. |
| nper | The total number of payments. |
| pv | The present value of the loan. |
| start_period | The first period in the calculation. |
| end_period | The last period in the calculation. |
| type | The number indicating when the payments are due: 0 = the end of the period 1 = the start of the period |
| REMARKS |
| * The "rate" and "nper" must have the same units. * Payment periods are numbered beginning with 1. * If "rate" <= 0 then #NUM! is returned. * If "nper" is not an integer, it is truncated. * If "nper" <= 0, then #NUM! is returned. * If "pv" <= 0, then #NUM! is returned. * If "start_period" is not an integer, it is truncated. * If "start_period" < 1, then #NUM! is returned. * If "end_period" is not an integer, it is truncated. * If "end_period" < 1, then #NUM! is returned. * If "start_period" > "end_period", then #NUM! is returned. * If "type" is not an integer, it is truncated. * If "type" is any number other than 0 or 1, then #NUM! is returned. * You can use the CUMIPMT function to return the cumulative interest paid on a loan between two dates. * For the Microsoft documentation refer to support.microsoft.com |
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| 1 - If you make monthly payments on a four-year loan at an annual interest rate of 12 percent, use 12%/12 for rate and 4*12 for nper. If you make annual payments on the same loan, use 12% for rate and 4 for nper. |
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