Which of the following functions will return the principal payment of a loan?
A)CUMPRINC
B)PMT
C)PPMT
D)IPMT

Name: Which of the following functions will return the principal payment of a loan? A)CUMPRINC B)PMT C)PPMT D)IPMT
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Question

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PPMT function calculates the principal payment on a loan for a specified period. CUMPRINC calculates the cumulative principal paid between two specified periods. PMT calculates the periodic payment for a loan, while IPMT calculates the interest payment for a specified period.

Which of the Following Functions Will Return the Principal Payment