How to Use the CUMIPMT function for interest in MS Excel

As you might guess, one of the domains in which Microsoft Excel really excels is finance math. Brush up on the stuff for your next or current job with this how-to. In this tutorial from everyone's favorite digital spreadsheet guru, YouTube's ExcelIsFun, the 18th installment in his "Excel Finance Trick" series of free video lessons, you'll learn how to use the CUMIPMT function to calculate the cumulative interest on a loan for a 1 year period.