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Workday User Guide
Last Updated: 2023-06-23
CUMIPMT

CUMIPMT

Description

Returns the cumulative interest paid between the two specified periods.

Syntax

CUMIPMT(
rate
,
nper
,
pv
,
start_period
,
end_period
,
type
)
  • rate
    : The interest rate.
  • nper
    : The total number of payment periods.
  • pv
    : The present value.
  • start_period
    : The first period.
  • end_period
    : The last period.
  • type
    : The payment timing. 0 = the payment occurs at the end of the period; 1 = the payment occurs at the beginning of the period.