Question

Explain why a financial analyst needs CUMIPRC and CUMIPMT functions.

Explain why a financial analyst needs CUMIPRC and CUMIPMT functions.

0 0
Add a comment Improve this question Transcribed image text
Answer #1

CUMPRINC is used to calculate the cumulative principal payments between two periods in a fully amortizing, level payment loan. This function is useful to calculate the principal outstanding at any point during the loan amortization period.

CUMIPMT is used to calculate the cumulative interest payments between two periods in a fully amortizing, level payment loan. This function is useful to calculate the total finance charge during any period of the loan amortization period.

Add a comment
Know the answer?
Add Answer to:
Explain why a financial analyst needs CUMIPRC and CUMIPMT functions.
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT