What function would you use to calculate the total (i.e., cumulative) interest paid for the first year of a mortgage?
a. CUMIPMT
b. IPMT
c. CUMPRINC
d. PPMT
Answer: a. CUMIPMT
What function would you use to calculate the total (i.e., cumulative) interest paid for the first year of a mortgage?
a. CUMIPMT
b. IPMT
c. CUMPRINC
d. PPMT
Answer: a. CUMIPMT
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.