46 lines
3.4 KiB
HTML
46 lines
3.4 KiB
HTML
<!DOCTYPE html>
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<html>
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<title>CUMIPMT Function</title>
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<h1>CUMIPMT Function</h1>
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<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>
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<p>The <b>CUMIPMT</b> function syntax is:</p>
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<p style="text-indent: 150px;"><b><em>CUMIPMT(rate, nper, pv, start_period, end_period, type)</em></b></p>
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<p><em>where</em></p>
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<p style="text-indent: 50px;"><b><em>rate</em></b> is the interest rate for the investment.</p>
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<p style="text-indent: 50px;"><b><em>nper</em></b> is a number of payments.</p>
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<p style="text-indent: 50px;"><b><em>pv</em></b> is a present value of the payments.</p>
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<p style="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>
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<p style="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>
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<p style="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>
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<p class="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>
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<p>The numeric values can be entered manually or included into the cell you make reference to.</p>
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<p>To apply the <b>CUMIPMT</b> function,</p>
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<ol>
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<li>select the cell where you wish to display the result,</li>
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<li>click the <b>Insert function</b> <div class = "icon icon-insertfunction"></div> icon situated at the top toolbar,
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<br />or right-click within a selected cell and select the <b>Insert Function</b> option from the menu,
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<br />or click the <div class = "icon icon-function"></div> icon situated at the formula bar,
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</li>
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<li>select the <b>Financial</b> function group from the list,</li>
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<li>click the <b>CUMIPMT</b> function,</li>
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<li>enter the required arguments separating them by commas,</li>
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<li>press the <b>Enter</b> button.</li>
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</ol>
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<p>The result will be displayed in the selected cell.</p>
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<p style="text-indent: 150px;"><img alt="CUMIPMT Function" src="../images/cumipmt.png" /></p>
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