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How to calculate total interest paid on a loan in Excel?How to Calculate Monthly Loan Payments in Excel Excel formula: Calculate loan interest in given year How to Calculate a Car Loan in Excel: 10 Steps (with Pictures)Select the cell you will place the calculated result in, type the formula =CUMIPMT (B2/12,B3 12,B1,B4,B5,1), and press the Enter key. See screenshot: Note: In the formula, B2 is the annual loan interest rate, B2/12 will get the monthly rate; B3 is the years of the loan, B3 12 will get the total number of periods (months) during the loan; B1 is the To calculate the total interest for a loan in a given year, you can use the CUMIPMT function. In the example shown, the total interest paid in year 1 is calculated by using 1 for start period and 12 for end period. The The formula in F5 is: = CUMIPMT(5 % 12,60,30000,1,12,0)How to use Calculate the Interest Rate for a Loan in Excel. To determine the amount due for loan payment, given a loan duration/term, a Rate of I

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