Finance.Cumipmt Method

FinanceCumipmt Method

Returns the cumulative interest paid between two periods.

Namespace: Imsl.Finance
Assembly: ImslCS (in ImslCS.dll) Version: 6.5.2.0

Syntax

public static double Cumipmt(
	double rate,
	int nper,
	double pv,
	int firstPeriod,
	int lastPeriod,
	FinancePeriod period
)

Public Shared Function Cumipmt ( 
	rate As Double,
	nper As Integer,
	pv As Double,
	firstPeriod As Integer,
	lastPeriod As Integer,
	period As FinancePeriod
) As Double

public:
static double Cumipmt(
	double rate, 
	int nper, 
	double pv, 
	int firstPeriod, 
	int lastPeriod, 
	FinancePeriod period
)

static member Cumipmt : 
        rate : float * 
        nper : int * 
        pv : float * 
        firstPeriod : int * 
        lastPeriod : int * 
        period : FinancePeriod -> float

Parameters

rate: Type: SystemDouble
A double which specifies the interest rate.
nper: Type: SystemInt32
A int which specifies the total number of payment periods.
pv: Type: SystemDouble
A double which specifies the present value.
firstPeriod: Type: SystemInt32
A int containing the first period in the caclulation. Periods are numbered starting with one.
lastPeriod: Type: SystemInt32
A int which specifies the last period in the calculation.
period: Type: Imsl.FinanceFinancePeriod
A int which specifies the time in each period when the payment is made, either AtEnd or AtBeginning

Return Value

Type: Double
A double which specifies the cumulative interest paid between the first period and the last period.

Remarks

It is computed using the following:

$\sum\limits_{i = {\it firstPeriod}}^{\it lastPeriod} {\it interest}_i$

where ${\it interest}_i$ is computed from Ipmt for the i-th period.

Reference

Finance Class

Imsl.Finance Namespace

Other Resources

Example