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

Which function is related to =CUMIPMT?

Question 3 of 15 3/15

How many required arguments does =CUMIPMT have?

Question 4 of 15 4/15

Is =CUMIPMT volatile?

Question 5 of 15 5/15

In =CUMIPMT, which is argument #1?

Question 6 of 15 6/15

Is argument “rate” required in =CUMIPMT?

Question 7 of 15 7/15

What is the fix for #NUM! in =CUMIPMT?

Question 8 of 15 8/15

Which formula is a valid example of =CUMIPMT?

Question 9 of 15 9/15

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

Question 10 of 15 10/15

What is the output type of =CUMIPMT?

Question 11 of 15 11/15

Is argument “pv” required in =CUMIPMT?

Question 12 of 15 12/15

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

Question 13 of 15 13/15

Which statement about =CUMIPMT is correct?

Question 14 of 15 14/15

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

Question 15 of 15 15/15

Is argument “start_period” required in =CUMIPMT?

Click a question to see the answer.

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

A. Yes ✓
B. No
C. Yes
D. —

Explanation: “type” is required.

2. Which function is related to =CUMIPMT?

A. CHISQ.INV
B. CUMPRINC ✓
C. ROW
D. YIELDDISC

Explanation: “CUMPRINC” is related to CUMIPMT.

3. How many required arguments does =CUMIPMT have?

A. 6 ✓
B. 5
C. 7
D. 8

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

4. Is =CUMIPMT volatile?

A. —
B. No
C. No ✓
D. Yes

Explanation: CUMIPMT is not volatile.

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

A. criteria
B. start_period
C. rate ✓
D. lookup_value

Explanation: Argument #1 is “rate”.

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

A. Yes ✓
B. Yes
C. —
D. No

Explanation: “rate” is required.

7. What is the fix for #NUM! in =CUMIPMT?

A. Volatile and recalculates every time
B. Check the inputs and the order of the start and end payments ✓
C. Only works in old versions
D. Select entire column for best performance

Explanation: If rate ≤ 0, nper ≤ 0, or pv ≤ 0, CUMIPMT returns the #NUM! error value. If start_period < 1, end_period < 1, or start_period > end_period, CUMIPMT returns the #NUM! error value. If type is any number other than 0 or 1, CUMIPMT returns the #NUM! error value. — Fix: Check the inputs and the order of the start and end payments

8. Which formula is a valid example of =CUMIPMT?

A. =CUMIPMT(A2/12,A3*12,A4,13,24,0, 0)
B. =CUMPRINC(A2/12,A3*12,A4,13,24,0)
C. =CUMIPMT(A2/12,A3*12,A4,13,24,0) ✓
D. CUMIPMT(A2/12,A3*12,A4,13,24,0)

Explanation: Correct example: =CUMIPMT(A2/12,A3*12,A4,13,24,0)

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

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

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

10. What is the output type of =CUMIPMT?

A. Array
B. Number ✓
C. Text
D. Mixed

Explanation: Output is “Number”.

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

A. —
B. No
C. Yes
D. Yes ✓

Explanation: “pv” is required.

12. What is the type of argument “start_period” in =CUMIPMT?

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

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

13. Which statement about =CUMIPMT 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 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. ✓
C. Requires add-in
D. Volatile and recalculates every time

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.

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

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

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

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

A. No
B. —
C. Yes
D. Yes ✓

Explanation: “start_period” is required.