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CUMIPMT
Understanding how loan payments are structured can feel overwhelming but Excel gives us powerful tools to make these calculations quick and simple. Whether we’re evaluating monthly payments, interest breakdowns, or savings from early payoff, Excel’s financial functions (PMT, IPMT, PPMT, CUMPRINC, CUMIPMT) help us every step of the way. This post is brought to you…
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When it comes to understanding the full cost of a loan, knowing just the monthly payment isn’t enough as the interest paid over time can be significant. That’s where Excel’s powerful CUMIPMT function comes into play. In this post, we’ll walk step-by-step through how to calculate cumulative interest over a given loan period and explore…
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