<p>The <b>CUMIPMT</b> function is one of the financial functions. It is used to calculate the cumulative interest paid on an investment between two periods based on a specified interest rate and a constant payment schedule.</p>
<pstyle="text-indent: 50px;"><b><em>rate</em></b> is the interest rate for the investment.</p>
<pstyle="text-indent: 50px;"><b><em>nper</em></b> is a number of payments.</p>
<pstyle="text-indent: 50px;"><b><em>pv</em></b> is a present value of the payments.</p>
<pstyle="text-indent: 50px;"><b><em>start_period</em></b> is the first period included into the calculation. The value must be from <b><em>1</em></b> to <b><em>nper</em></b>.</p>
<pstyle="text-indent: 50px;"><b><em>end_period</em></b> is the last period included into the calculation. The value must be from <b><em>1</em></b> to <b><em>nper</em></b>.</p>
<pstyle="text-indent: 50px;"><b><em>type</em></b> is a period when the payments are due. If it is set to 0 or omitted, the function will assume the payments to be due at the end of the period. If <b><em>type</em></b> is set to 1, the payments are due at the beginning of the period.</p>
<pclass="note"><b>Note:</b> cash paid out (such as deposits to savings) is represented by negative numbers; cash received (such as dividend checks) is represented by positive numbers. Units for rate and nper must be consistent: use N%/12 for rate and N*12 for nper in case of monthly payments, N%/4 for rate and N*4 for nper in case of quarterly payments, N% for rate and N for nper in case of annual payments.</p>
<p>The numeric values can be entered manually or included into the cell you make reference to.</p>
<p>To apply the <b>CUMIPMT</b> function,</p>
<ol>
<li>select the cell where you wish to display the result,</li>