Returns the cumulative principal paid on a loan between start_period and end_period.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
How?- On the Tools menu, click Add-Ins.
- In the Add-Ins available list, select the Analysis ToolPak box, and then click OK.
- If necessary, follow the instructions in the setup program.
Syntax
CUMPRINC(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 |
- 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 rate ≤ 0, nper ≤ 0, or pv ≤ 0, CUMPRINC returns the #NUM! error value.
- If start_period < 1, end_period < 1, or start_period > end_period, CUMPRINC returns the #NUM! error value.
- If type is any number other than 0 or 1, CUMPRINC returns the #NUM! error value.
Example
The example may be easier to understand if you copy it to a blank worksheet.
- Create a blank workbook or worksheet.
- Select the example in the Help topic. Do not select the row or column headers.
Selecting an example from Help
- Press CTRL+C.
- In the worksheet, select cell A1, and press CTRL+V.
- To switch between viewing the results and viewing the formulas that return the results, press CTRL+` (grave accent), or on the Tools menu, point to Formula Auditing, and then click Formula Auditing Mode.
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Note The interest rate is divided by 12 to get a monthly rate. The years the money is paid out is multiplied by 12 to get the number of payments.