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Tag: CUMPRINC function

CUMPRINC function: Description, Usage, Syntax, Examples and Explanation

What is CUMPRINC function in Excel? CUMPRINC function is one of the Financial functions in Microsoft Excel that returns the cumulative principal paid on a loan between start_period and end_period. Syntax of CUMPRINC function CUMPRINC(rate, nper, pv, start_period, end_period, type) The CUMPRINC function syntax has the following arguments: Rate: The interest rate. Nper:  The total number of payment periods. Pv: The…

Calculate cumulative loan principal payments in Excel

To calculate the cumulative principal paid between any two loan payments, you can use the CUMPRINC function. Formula =CUMPRINC(rate,nper,pv,start,end,type) Explanation In the example shown, we calculate the total principal paid over the full term of the loan by using the first and last period. The formula in C10 is: =CUMPRINC(C6/12,C8,C5,1,60,0) How this formula works For this example, we want to calculate cumulative…