The CUMIPMT function has the syntax CUMIPMT(Rate, Nper, Pv, Start, End, Type). What do you enter for the Type argument?
A) Enter the number of payment periods.
B) Enter 0 if payments are made at the end of the period, or enter 1 if payments are made at the start.
C) Enter the interest rate of the loan or investment.
D) Enter the starting and ending payment periods.

Question

Quizplus · Accepted Answer

The Type argument is used to indicate whether payments are made at the beginning or end of the period. Enter 0 for payments made at the end and 1 for payments made at the beginning.

The CUMIPMT Function Has the Syntax CUMIPMT(Rate, Nper, Pv, Start