CUMIPMT Function in Excel

CUMIPMT Function in Excel

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✨ Part 1: Introduce📘 DefinitionThe CUMIPMT function in Microsoft Excel helps calculate the cumulative interest paid on a loan between a specified start and end period.🎯 PurposeTo find out the total interest paid over a series of payment periods, which can be beneficial in understanding the financial dynamics of a loan.🔢 Syntax & ArgumentssyntaxCUMIPMT(rate, nper, … Read more