Documentation/Calc Functions/CUMIPMT ADD

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Function name:

CUMIPMT_ADD

Category:

Financial Analysis

Summary:

Calculates the accumulated interest for a period, that is, the total interest, for an investment based on a constant interest rate.

Syntax:

CUMIPMT_ADD(Rate; NPer; PV; StartPeriod; EndPeriod; Type)

Returns:

Returns a negative real number(in currency units) which is the cumulative interest payment on the loan with given arguments. Here negative sign indicates the amount is a debt.

Arguments:

Rate is a positive real number or a reference to the cell containing that number which is the periodic interest rate.

NPer is a positive real number or a reference to the cell containing that number which is the payment period with the total number of periods. Nper can also be a non-integer value. Nper must refer to the same unit, and thus both be calculated annually or monthly.

PV is a positive real number or a reference to the cell containing that number which is the current value in the sequence of payments.

StartPeriod is a positive real number or a reference to the cell containing that number which is the first period.

EndPeriod is a positive real number or a reference to the cell containing that number which is the last period.

Type is the due date of the payment at the beginning or end of each period.

Type Maturity Date
0 due at the end
1 due at the beginning
  • If Rate, NPer or PV. are less than or equal to 0 then the function will return an error value.
  • If StartPeriod or EndPeriod are non-integer values then the function uses their floor values, i.e. they are truncated to integers.
  • If StartPeriod(after truncation) is less than 1 or greater than EndPeriod(after truncation) then the function returns an error value.
  • If EndPeriod(after truncation) is greater than NPer then the function returns an error value.
  • If Type is any thing accept 0 or 1, then the function returns an error value.

Additional details:

  • The formula for CUMIPMT_ADD is:
Cumipmt add.png

where Rate is Rate, Start is StartPeriod, End is EndPeriod, Periods is NPer, Value is PV and Type is Type.

Note pin.svg

The functions whose names end with _ADD or _EXCEL2003 return the same results as the corresponding Microsoft Excel 2003 functions without the suffix. Use the functions without suffix to get results based on international standards.


Examples:

Formula Description Returns
=CUMIPMT_ADD(5.5%/12;24;5000;4;6;1) The function calculates the interest payments at a yearly interest rate of 5.5 %, a payment period of monthly payments for 2 years and a current cash value of 5,000 currency units. The start period is the 4th and the end period is the 6th period. The payment is due at the beginning of each period. -57.54 (currency units)
=CUMIPMT_ADD(5.5%/12;24;5000;4;6;0) The function calculates the interest payments at a yearly interest rate of 5.5 %, a payment period of monthly payments for 2 years and a current cash value of 5,000 currency units. The start period is the 4th and the end period is the 6th period. The payment is due at the end of each period. -57.80 (currency units)
=CUMIPMT_ADD(5.5%/12;24;5000;4;6;2) The function returns an error for any value of Type except for 0 or 1. Err:502
=CUMIPMT_ADD(5.5%/12;24;5000;0.9;6;1) The function returns an error since S is less than 1. Err:502

Related LibreOffice functions:

CUMIPMT

CUMPRINC

CUMPRINC_ADD

IPMT

ODF standard:

None

Equivalent Excel functions:

None