The document describes the CUMIPMT function in Excel, which calculates the cumulative interest paid on a loan between two periods. It provides the syntax, arguments, and an example of using CUMIPMT to calculate interest paid each year on a 5-year loan. It also briefly describes circular references in Excel and how to create 3D references and hyperlinks.
The document describes the CUMIPMT function in Excel, which calculates the cumulative interest paid on a loan between two periods. It provides the syntax, arguments, and an example of using CUMIPMT to calculate interest paid each year on a 5-year loan. It also briefly describes circular references in Excel and how to create 3D references and hyperlinks.
The document describes the CUMIPMT function in Excel, which calculates the cumulative interest paid on a loan between two periods. It provides the syntax, arguments, and an example of using CUMIPMT to calculate interest paid each year on a 5-year loan. It also briefly describes circular references in Excel and how to create 3D references and hyperlinks.
The document describes the CUMIPMT function in Excel, which calculates the cumulative interest paid on a loan between two periods. It provides the syntax, arguments, and an example of using CUMIPMT to calculate interest paid each year on a 5-year loan. It also briefly describes circular references in Excel and how to create 3D references and hyperlinks.
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Financial Functions
Dr Tarun K Soni CUMIPMT Function
• The Excel CUMIPMT function is a financial
function that returns the cumulative interest paid on a loan between a start period and an end period. • You can use CUMIPMT to calculate and verify the total interest paid on a loan, or the interest paid between any two payment periods. CUMIPMT Function
• Syntax – =CUMIPMT (rate, nper, pv, start_period, end_period, type) • Arguments – rate - The interest rate per period. – nper - The total number of payments for the loan. – pv - The present value, or total value of all payments now. – start_period - First payment in calculation. – end_period - Last payment in calculation. – type - When payments are due. 0 = end of period. 1 = beginning of period. CUMIPMT Function
Usage notes – Be consistent with inputs for rate. For example, for 5-year loan with 4.5% annual interest, enter the rate as 4.5%/12. – The loan value (pv) must be entered as a positive value. CUMIPMT Function CUMIPMT Function
• We want to calculate the interest paid during each year
in a 5-year loan of Rs. 30,00,000 with an interest rate of 12% and EMI paid monthly. • =CUMIPMT(12%/12,60,30,00,000,1,12,0) // year 1 • =CUMIPMT(12%/12,60,30,00,000,13,24,0) // year 2 • =CUMIPMT(12%/12,60,30,00,000,25,36,0) // year 3 • =CUMIPMT(12%/12,60,30,00,000,37,48,0) // year 4 • =CUMIPMT(12%/12,60,30,00,000,49,60,0) // year 5 What is a circular reference in Excel?
• "When an Excel formula refers back to its own
cell, either directly or indirectly, it creates a circular reference." • For instance, if you select cell A1 and type =A1 in it, this would create an Excel circular reference. • Entering any other formula or calculation referring to A1 would have the same affect, e.g. =A1*5 or =IF(A1=1, "OK"). Circular Reference in Excel: Three Dimensional Formula • A 3D reference in Excel refers to the same cell or range of cells on multiple worksheets. • It is a very convenient and fast way to calculate data across several worksheets with the same structure. • An Excel 3D reference lets you refer to the same cell or a range of cells in several worksheets. • It references not only a range of cells, but also a range of worksheet names. • The key point is that all of the referenced sheets should have the same pattern and the same data type. Three Dimensional Formula
What you are looking for is finding out the grand total, i.e. adding up the sub-totals in four monthly sheets. The most obvious solution that comes to mind is add up the sub-total cells from all the worksheets in the usual way:
=Jan!B6+Feb!B6+Mar!B6+Apr!B6 Three Dimensional Formula • But what if you have 12 sheets for the whole year, or even more sheets for several years? This would be quite a lot of work. Instead, you can use the SUM function with a 3D reference to sum across sheets: • =SUM(Jan:Apr!B6) • =SUM(Jan:Dec!B2:B5) How to create a 3-D reference in Excel
• To make a formula with a 3D reference, perform the
following steps: – Click the cell where you want to enter your 3D formula. – Type the equal sign (=), enter the function's name, and type an opening parenthesis, e.g. =SUM( – Click the tab of the first worksheet that you want to include in a 3D reference. – While holding the Shift key, click the tab of the last worksheet to be included in your 3D reference. – Select the cell or range of cells that you want to calculate. – Type the rest of the formula as usual. – Press the Enter key to complete your Excel 3-D formula. Create Excel Hyperlinks
• In an Excel worksheet, you can create a
hyperlink in any cell. • Then, click that hyperlink to go to the specificed location. • Insert Hyperlink command • Select the cell where you want the hyperlink. • On the Excel Ribbon, click the Insert tab, and click the Hyperlink command – OR, right-click the cell, and click Link – OR, use the keyboard shortcut - Ctrl + K Insert Hyperlink command • Text to Display-Follow these steps to control what appears in the cell – In the Insert Hyperlink window, click in the Text to Display box – Delete the default text – Type the text that you want to show in the selected cell Choose Link Type
• Existing file or Web Page
• Place in This Document • Create New Document • E-mail Address
