can i add it somehow?
or does anyone have the math formular? i would hate to do it, but if i have the formular i think i can just write code to do it.
thanks
Hi,
I don't get how is CUMIPMT(A2/12,2,A4,1,1,0) = -833.33 when A2=10% and A4=100,000
but when you change it to =CUMIPMT(A2/12,2,A4,1,2,0) = -1251.73
Can anyone explain it as a formula please?
If you do =($D1+($D1*($A$2/12))) where $D1 also is 100,000 then the result is 10833.33
so getting the difference matches the result.
I just can't seem to reproduce getting -1251.73 as if i extend my function down the column
the next result is 101673.6
Anyone?
Regards,
S_DS
CUMIPMT function returns the cumulative interest paid on a loan between start_period and end_period.
Syntax
CUMIPMT(rate,nper,pv,start_period,end_period,type)
Rate is the interest rate.
Nper is the total number of payment periods.
Pv is the present value.
Start_period is the first period in the calculation. Payment periods are numbered beginning with 1.
End_period is the last period in the calculation.
Type is the timing of the payment.
Type | Timing |
| |
0 (zero) | Payment at the end of the period |
1 | Payment at the beginning of the period |
Remarks
· Make sure that you are consistent about the units you use for specifying rate and nper. 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.
· Nper, start_period, end_period, and type are truncated to integers.
· If any argument is nonnumeric, CUMIPMT returns the #VALUE! error value.
· If rate 0, nper 0, or pv 0, CUMIPMT returns the #NUM! error value.
· If start_period < 1, end_period < 1, or start_period > end_period, CUMIPMT returns the #NUM! error value.
· If type is any number other than 0 or 1, CUMIPMT returns the #NUM! error value.
Example
A home mortgage loan has the following terms:
Interest rate, 9.00 percent per annum (rate = 9.00% 12 = 0.0075)
Term, 30 years (nper = 30 12 = 360)
Present value, $125,000
The total interest paid in the second year of payments (periods 13 through 24) is:
CUMIPMT(0.0075,360,125000,13,24,0) equals -11135.23
The interest paid in a single payment in the first month is:
CUMIPMT(0.0075,360,125000,1,1,0) equals -937.50
