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I would be grateful if somebody MS Excel 2003 installed could help me with the CUMIPMT formula.
In the Excel Help section in answer to a search for CUMIPT it gives two examples of the use of the formula, the second of which gives an answer of -11135.23.
I copied the example faithfully: < =CUMIPMT(A2/12,A3*12,A4,13,24,0) > is my copy-and-paste of my input; and got an answer of -1125000.00.
What am I doing wrong?
Thanks so much,
Alex
In the Excel Help section in answer to a search for CUMIPT it gives two examples of the use of the formula, the second of which gives an answer of -11135.23.
I copied the example faithfully: < =CUMIPMT(A2/12,A3*12,A4,13,24,0) > is my copy-and-paste of my input; and got an answer of -1125000.00.
What am I doing wrong?
Thanks so much,
Alex