Financial =AMORLINC(cost, date_purchased, first_period, salvage, period, rate, [basis])

Quiz =AMORLINC — 10 Questions

10 quiz questions about =AMORLINC — test syntax, arguments, examples & errors!

Questions: 10 questions 15 questions Random 10 or 15 questions from the pool + shuffled options each time

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Progress — 10 questions 1 of 10

Question 1 of 10 1/10

Which use case fits =AMORLINC?

Question 2 of 10 2/10

What is the type of argument “first_period” in =AMORLINC?

Question 3 of 10 3/10

Since which Excel version is =AMORLINC available?

Question 4 of 10 4/10

Is =AMORLINC volatile?

Question 5 of 10 5/10

Is argument “rate” required in =AMORLINC?

Question 6 of 10 6/10

Is argument “basis” required in =AMORLINC?

Question 7 of 10 7/10

How many optional arguments does =AMORLINC have?

Question 8 of 10 8/10

What is the type of argument “rate” in =AMORLINC?

Question 9 of 10 9/10

Which formula is a valid example of =AMORLINC?

Question 10 of 10 10/10

What is the type of argument “cost” in =AMORLINC?

Click a question to see the answer.

1. Which use case fits =AMORLINC?

A. Financial Calculations ✓
B. Worksheet Info & Navigation
C. Workdays & Due Dates
D. Lookup & Retrieval

Explanation: Use case “Financial Calculations” fits AMORLINC.

2. What is the type of argument “first_period” in =AMORLINC?

A. Logical
B. Reference
C. Number
D. Date ✓

Explanation: Type of “first_period” is “Date”.

3. Since which Excel version is =AMORLINC available?

A. Excel 2019
B. Excel 365
C. All versions ✓
D. Excel 2007 (Compatibility)

Explanation: Version: “All versions”.

4. Is =AMORLINC volatile?

A. No ✓
B. No
C. Yes
D. —

Explanation: AMORLINC is not volatile.

5. Is argument “rate” required in =AMORLINC?

A. Yes ✓
B. No
C. Yes
D. —

Explanation: “rate” is required.

6. Is argument “basis” required in =AMORLINC?

A. No
B. No ✓
C. Yes
D. —

Explanation: “basis” is optional.

7. How many optional arguments does =AMORLINC have?

A. 2
B. 1 ✓
C. 0
D. 3

Explanation: =AMORLINC has 6 required, 1 optional (7 total).

8. What is the type of argument “rate” in =AMORLINC?

A. Reference
B. Mixed
C. Date
D. Number ✓

Explanation: Type of “rate” is “Number”.

9. Which formula is a valid example of =AMORLINC?

A. =AMORLINC(A2,A3,A4,A5,A6,A7,A7, 0)
B. AMORLINC(A2,A3,A4,A5,A6,A7,A7)
C. =AMORDEGRC(A2,A3,A4,A5,A6,A7,A7)
D. =AMORLINC(A2,A3,A4,A5,A6,A7,A7) ✓

Explanation: Correct example: =AMORLINC(A2,A3,A4,A5,A6,A7,A7)

10. What is the type of argument “cost” in =AMORLINC?

A. Number ✓
B. Text
C. Logical
D. Date

Explanation: Type of “cost” is “Number”.