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Calculating the Total Interest for a Loan with Excel

Calculating the Total Interest for a Loan with Excel

by Laura Waldrop | Oct 17, 2017 | Accounting

In this article we’ll see how to use as little as a single worksheet cell to calculate the total interest for a loan. To do so we’ll use the CUMIPMT worksheet function—this translates to Cumulative Interest Payment. This can often be more efficient than...
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