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How to Calculate interest with the CUMIPMT function in Excel

Jul 15, 2010 04:54 PM
Excel spreadsheet showing calculations for loan annuity tables, including loan amounts, interest rates, and total interest.

New to Microsoft Excel? Looking for a tip? How about a tip so mind-blowingly useful as to qualify as a magic trick? You're in luck. In this MS Excel tutorial from ExcelIsFun, the 645th installment in their series of digital spreadsheet magic tricks, you'll learn how to use the CUMIPMT function to calculate the total interest paid for two different loans.

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