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How to Calculate the Total Interest on a Loan in Excel
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How to calculate the total interest accrued on a loan in Microsoft Excel using the CUMIPMT function.
The CUMIPMT function stands for (cumulative interest paid on a loan) and requires 6 inputs which are the interest rate, number of payments, initial loan amount, type, and start end periods of the loan.
Music by Adrian von Ziegler
The CUMIPMT function stands for (cumulative interest paid on a loan) and requires 6 inputs which are the interest rate, number of payments, initial loan amount, type, and start end periods of the loan.
Music by Adrian von Ziegler
About this tutorial
FigureAssist published this 2:08 video tutorial on July 1, 2020. It has been watched 23,869 times on YouTube.
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- FigureAssist
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- 2:08
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- July 1, 2020
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