Google Answers: Need longhand formulas for CUMIPMT and CUMPRINC functions in Excel

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Q: Need longhand formulas for CUMIPMT and CUMPRINC functions in Excel ( No Answer, 0 Comments )

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Subject: Need longhand formulas for CUMIPMT and CUMPRINC functions in Excel
Category: Science > Math
Asked by: flatraterealty-ga
List Price: $10.00

Posted: 21 Feb 2006 20:39 PST
Expires: 21 Feb 2006 21:01 PST
Question ID: 448192

I need a formula for Excel to calculate the cumulative interest paid
on a loan and a formula to calculate the cumulative principal as well.

I am exporting the data generated through a dynamic link to an Excel
spreadsheet. Regrettably, the program I am using doesn't support
either the CUMIPMT  or CUMPRINC  functions of Excel, so I need a
longhand equation.

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