Question: The cumulative interest payment function can be used to calculate the amount of interest paid over a specific number of periods, such as quarterly, annually,
The cumulative interest payment function can be used to calculate the amount of interest paid
over a specific number of periods, such as quarterly, annually, or for the whole term of the
loan. In cell C calculate the total cumulative interest that will be paid on the loan for all
endoftheperiod quarterly payments. Format as Currency. Be sure the result is displayed as
a positive number.
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