CUMIPMT Function in Excel

✨ 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