Financial =CUMIPMT(rate, nper, pv, start_period, end_period, type)

Quiz =CUMIPMT — 15 Questions

15 quiz questions about =CUMIPMT — 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 — 15 questions 1 of 15

Question 1 of 15 1/15

Is argument “type” required in =CUMIPMT?

Question 2 of 15 2/15

Is =CUMIPMT volatile?

Question 3 of 15 3/15

Which function is NOT related to =CUMIPMT?

Question 4 of 15 4/15

Is argument “pv” required in =CUMIPMT?

Question 5 of 15 5/15

Since which Excel version is =CUMIPMT available?

Question 6 of 15 6/15

Is argument “start_period” required in =CUMIPMT?

Question 7 of 15 7/15

What is the type of argument “nper” in =CUMIPMT?

Question 8 of 15 8/15

Which category does =CUMIPMT belong to?

Question 9 of 15 9/15

How many arguments does =CUMIPMT have in total?

Question 10 of 15 10/15

Is argument “nper” required in =CUMIPMT?

Question 11 of 15 11/15

Which statement about =CUMIPMT is correct?

Question 12 of 15 12/15

In =CUMIPMT, which is argument #1?

Question 13 of 15 13/15

What is the type of argument “end_period” in =CUMIPMT?

Question 14 of 15 14/15

In =CUMIPMT, which is argument #3?

Question 15 of 15 15/15

How many optional arguments does =CUMIPMT have?

Click a question to see the answer.

1. Is argument “type” required in =CUMIPMT?

A. Yes
B. Yes ✓
C. —
D. No

Explanation: “type” is required.

2. Is =CUMIPMT volatile?

A. No ✓
B. —
C. Yes
D. No

Explanation: CUMIPMT is not volatile.

3. Which function is NOT related to =CUMIPMT?

A. PMT
B. CUMPRINC
C. FORECAST.ETS ✓
D. IPMT

Explanation: “FORECAST.ETS” is not related to CUMIPMT.

4. Is argument “pv” required in =CUMIPMT?

A. —
B. No
C. Yes
D. Yes ✓

Explanation: “pv” is required.

5. Since which Excel version is =CUMIPMT available?

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

Explanation: Version: “All versions”.

6. Is argument “start_period” required in =CUMIPMT?

A. Yes ✓
B. —
C. No
D. Yes

Explanation: “start_period” is required.

7. What is the type of argument “nper” in =CUMIPMT?

A. Value
B. Number ✓
C. Reference
D. Array

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

8. Which category does =CUMIPMT belong to?

A. Information
B. Logical
C. Financial ✓
D. Text

Explanation: Category is “Financial”.

9. How many arguments does =CUMIPMT have in total?

A. 8
B. 7
C. 6 ✓
D. 5

Explanation: =CUMIPMT has 6 required, 0 optional (6 total).

10. Is argument “nper” required in =CUMIPMT?

A. Yes
B. Yes ✓
C. —
D. No

Explanation: “nper” is required.

11. Which statement about =CUMIPMT is correct?

A. Make sure that you are consistent about the units you use for specifying rate and nper. If you make monthly payments on a four-year loan at an annual interest rate of 10 percent, use 10%/12 for rate and 4*12 for nper. If you make annual payments on the same loan, use 10% for rate and 4 for nper. ✓
B. Volatile and recalculates every time
C. Output is always a dynamic array
D. Requires add-in

Explanation: Correct: Make sure that you are consistent about the units you use for specifying rate and nper. If you make monthly payments on a four-year loan at an annual interest rate of 10 percent, use 10%/12 for rate and 4*12 for nper. If you make annual payments on the same loan, use 10% for rate and 4 for nper.

12. In =CUMIPMT, which is argument #1?

A. rate ✓
B. end_period
C. range
D. lookup_value

Explanation: Argument #1 is “rate”.

13. What is the type of argument “end_period” in =CUMIPMT?

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

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

14. In =CUMIPMT, which is argument #3?

A. pv ✓
B. value
C. criteria
D. range

Explanation: Argument #3 is “pv”.

15. How many optional arguments does =CUMIPMT have?

A. 0 ✓
B. 2
C. 6
D. 1

Explanation: =CUMIPMT has 6 required, 0 optional (6 total).