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

Quiz =CUMPRINC — 15 Questions

15 quiz questions about =CUMPRINC — 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 =CUMPRINC?

Question 2 of 15 2/15

Which function is NOT related to =CUMPRINC?

Question 3 of 15 3/15

What is the type of argument “type” in =CUMPRINC?

Question 4 of 15 4/15

Which category does =CUMPRINC belong to?

Question 5 of 15 5/15

Since which Excel version is =CUMPRINC available?

Question 6 of 15 6/15

What is the output type of =CUMPRINC?

Question 7 of 15 7/15

In =CUMPRINC, which is argument #1?

Question 8 of 15 8/15

How many optional arguments does =CUMPRINC have?

Question 9 of 15 9/15

Which statement about =CUMPRINC is correct?

Question 10 of 15 10/15

Which is the correct syntax of =CUMPRINC?

Question 11 of 15 11/15

Is argument “end_period” required in =CUMPRINC?

Question 12 of 15 12/15

Is argument “pv” required in =CUMPRINC?

Question 13 of 15 13/15

Is =CUMPRINC volatile?

Question 14 of 15 14/15

What is the type of argument “pv” in =CUMPRINC?

Question 15 of 15 15/15

In =CUMPRINC, which is argument #3?

Click a question to see the answer.

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

A. Yes ✓
B. —
C. No
D. Yes

Explanation: “type” is required.

2. Which function is NOT related to =CUMPRINC?

A. PPMT
B. PMT
C. CUMIPMT
D. LENB ✓

Explanation: “LENB” is not related to CUMPRINC.

3. What is the type of argument “type” in =CUMPRINC?

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

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

4. Which category does =CUMPRINC belong to?

A. Information
B. Financial ✓
C. Date & Time
D. Math & Trig

Explanation: Category is “Financial”.

5. Since which Excel version is =CUMPRINC available?

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

Explanation: Version: “All versions”.

6. What is the output type of =CUMPRINC?

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

Explanation: Output is “Number”.

7. In =CUMPRINC, which is argument #1?

A. nper
B. type
C. range
D. rate ✓

Explanation: Argument #1 is “rate”.

8. How many optional arguments does =CUMPRINC have?

A. 0 ✓
B. 2
C. 6
D. 1

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

9. Which statement about =CUMPRINC is correct?

A. Output is always a dynamic array
B. 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 12 percent, use 12%/12 for rate and 4*12 for nper. If you make annual payments on the same loan, use 12% for rate and 4 for nper. ✓
C. Select entire column for best performance
D. Only works in old versions

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 12 percent, use 12%/12 for rate and 4*12 for nper. If you make annual payments on the same loan, use 12% for rate and 4 for nper.

10. Which is the correct syntax of =CUMPRINC?

A. CUMPRINC(rate, nper, pv, start_period, end_period, type)
B. =CUMIPMT(rate, nper, pv, start_period, end_period, type)
C. =CUMPRINC(rate, nper, pv, start_period, end_period, type, 0)
D. =CUMPRINC(rate, nper, pv, start_period, end_period, type) ✓

Explanation: Correct syntax: =CUMPRINC(rate, nper, pv, start_period, end_period, type)

11. Is argument “end_period” required in =CUMPRINC?

A. Yes
B. —
C. No
D. Yes ✓

Explanation: “end_period” is required.

12. Is argument “pv” required in =CUMPRINC?

A. Yes
B. No
C. Yes ✓
D. —

Explanation: “pv” is required.

13. Is =CUMPRINC volatile?

A. —
B. No
C. No ✓
D. Yes

Explanation: CUMPRINC is not volatile.

14. What is the type of argument “pv” in =CUMPRINC?

A. Array
B. Number ✓
C. Text
D. Date

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

15. In =CUMPRINC, which is argument #3?

A. type
B. nper
C. value
D. pv ✓

Explanation: Argument #3 is “pv”.