excel CUMIPMT - Free Excel Tutorial

Calculate Loan Interest in Given Year

When you borrow money, you are supposed to repay it gradually. Lenders, on the other hand, want to be compensated for their services and the risk they incur by lending you money. That is, you will not just repay the money you borrowed. You’ll repay the loan plus interest. Interest is a significant source of… read more »

Calculate Cumulative Loan Interest in Excel

What is Cumulative Loan Interest? When comparing different types of loans, many people want to know what is Cumulative Loan Interest. The sum of all interest payments you’ve made on a loan is referred to as cumulative interest. Different lenders calculate interest payments differently, but cumulative interest is an important metric when comparing interest costs… read more »