Which function returns the cumulative interest paid between two periods?
Answer & explanation
Correct answer: option 1
The correct answer is option 1- CUMIPMT
CUMIPMT function returns the cumulative interest paid between two periods.
CUMIPMT function returns the cumulative interest paid between two periods. The syntax of the function is: CUMIPMT (rate, nper, pv, start_period, end_period, type).