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

← CUMPRINC ▦ Practice in Playground

Progress — 15 questions 1 of 15

Question 1 of 15 1/15

Which statement about =CUMPRINC is correct?

Question 2 of 15 2/15

Is argument “pv” required in =CUMPRINC?

Question 3 of 15 3/15

Which use case fits =CUMPRINC?

Question 4 of 15 4/15

How many optional arguments does =CUMPRINC have?

Question 5 of 15 5/15

In =CUMPRINC, which is argument #2?

Question 6 of 15 6/15

Is =CUMPRINC volatile?

Question 7 of 15 7/15

In =CUMPRINC, which is argument #1?

Question 8 of 15 8/15

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

Question 9 of 15 9/15

Which formula is a valid example of =CUMPRINC?

Question 10 of 15 10/15

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

Question 11 of 15 11/15

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

Question 12 of 15 12/15

What usually causes #NUM! in =CUMPRINC?

Question 13 of 15 13/15

How many arguments does =CUMPRINC have in total?

Question 14 of 15 14/15

Which function is NOT related to =CUMPRINC?

Question 15 of 15 15/15

Which category does =CUMPRINC belong to?

Click a question to see the answer.

1. Which statement about =CUMPRINC is correct?

A. Text is always ignored
B. Output is always a dynamic array
C. Requires add-in
D. 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. ✓

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.

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

A. No
B. Yes ✓
C. Yes
D. —

Explanation: “pv” is required.

3. Which use case fits =CUMPRINC?

A. Ranking & Top N
B. Securities & Bonds
C. Financial Calculations ✓
D. Reporting

Explanation: Use case “Financial Calculations” fits CUMPRINC.

4. How many optional arguments does =CUMPRINC have?

A. 6
B. 0 ✓
C. 2
D. 1

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

5. In =CUMPRINC, which is argument #2?

A. value
B. range
C. nper ✓
D. type

Explanation: Argument #2 is “nper”.

6. Is =CUMPRINC volatile?

A. Yes
B. —
C. No ✓
D. No

Explanation: CUMPRINC is not volatile.

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

A. nper
B. rate ✓
C. range
D. type

Explanation: Argument #1 is “rate”.

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

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

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

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

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

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

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

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

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

11. What is the fix for #NUM! in =CUMPRINC?

A. Output is always a dynamic array
B. Check the inputs and the order of the start and end payments ✓
C. Volatile and recalculates every time
D. Select entire column for best performance

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

12. What usually causes #NUM! in =CUMPRINC?

A. Text is always ignored
B. If rate ≤ 0, nper ≤ 0, or pv ≤ 0, CUMPRINC returns the #NUM! error value. If start_period < 1, end_period < 1, or start_period > end_period, CUMPRINC returns the #NUM! error value. If type is any number other than 0 or 1, CUMPRINC returns the #NUM! error value. ✓
C. Output is always a dynamic array
D. Select entire column for best performance

13. How many arguments does =CUMPRINC have in total?

A. 5
B. 6 ✓
C. 7
D. 8

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

14. Which function is NOT related to =CUMPRINC?

A. PPMT
B. TEXTAFTER ✓
C. PMT
D. CUMIPMT

Explanation: “TEXTAFTER” is not related to CUMPRINC.

15. Which category does =CUMPRINC belong to?

A. Web
B. Financial ✓
C. Text
D. Database

Explanation: Category is “Financial”.