CUMPRINC

Returns the cumulative principal paid on a loan between start_period and end_period.

Syntax

CUMPRINC(rate,nper,pv,start_period,end_period,type)

Rate is the interest rate.

Nper is the total number of payment periods.

Pv is the present value.

Start_period is the first period in the calculation. Payment periods are numbered beginning with 1.

End_period is the last period in the calculation.

Type is the timing of the payment.

• Make sure that you are consistent about the units you use for specifying rate and nper. If you make monthly payments on a four-year loan at an annual interest rate of 12 percent, use 12%/12 for rate and 4*12 for nper. If you make annual payments on the same loan, use 12% for rate and 4 for nper.
• Nper, start_period, end_period, and type are truncated to integers.
• If rate ≤ 0, nper ≤ 0, or pv ≤ 0, CUMPRINC returns the #NUM! error value.
• If start_period < 1, end_period < 1, or start_period > end_period, CUMPRINC returns the #NUM! error value.
• If type is any number other than 0 or 1, CUMPRINC returns the #NUM! error value.

Example

The example may be easier to understand if you copy it to a blank worksheet.

How to copy an example

1. Create a blank workbook or worksheet.
2. Select the example in the Help topic.

   Note Do not select the row or column headers.

   Selecting an example from Help

3. Press CTRL+C.
4. In the worksheet, select cell A1, and press CTRL+V.
5. To switch between viewing the results and viewing the formulas that return the results, press CTRL+` (grave accent), or on the Formulas tab, in the Formula Auditing group, click the Show Formulas button.

Note The interest rate is divided by 12 to get a monthly rate. The years the money is paid out is multiplied by 12 to get the number of payments.

See also:

• CUMIPMT
• Financial functions