Sentences with phrase «total cumulative interest»
Not exact matches
Payments are being made monthly, but the CUMIPMT and CUMPRINC functions can be used to calculate the cumulative totals if the interest rate is fixed and the payments are constant (assuming no extra payments are being made).
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The difference between the total of payments and the amount financed represents the cumulative total of all interest and prepaid finance charges accrued on the loan, or the total finance charge.
On this screen, you'll find the interest rate, whether that rate is fixed or variable, and the type of repayment plan, if any, you're currently enrolled in as well as the amount of the most recent payment and the total cumulative payments over time.