To calculate the total interest paid on a loan over a full year, you use the CUMPRINC function.

Name: To calculate the total interest paid on a loan over a full year, you use the CUMPRINC function.
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The CUMPRINC function is used to calculate cumulative principal paid on a loan over a certain period. To calculate the total interest paid over a full year, you would need to use a different function such as CUMIPMT or simply subtract the principal paid from the total payments made.

To Calculate the Total Interest Paid on a Loan Over