Exam 7: Specialized Functions

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Which function calculates the total principal through a specified number of payments?

(Multiple Choice)
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Match the following functions with their categories of function:
DCOUNT
Date & Time
INDEX
Database
IF
Lookup & Reference
Correct Answer:
Verified
Premises:
Responses:
DCOUNT
Date & Time
INDEX
Database
IF
Lookup & Reference
YEARFRAC
Logical
IPMT
Financial
(Matching)
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The ________ function calculates the cumulative interest through a specified number of payments.

(Short Answer)
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Advanced filtering will not copy results to a new location.

(True/False)
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What function returns the total present value of an investment with a fixed rate,specified number of payment periods and a series of identical future payments?

(Multiple Choice)
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Match each of the following terms to its best description of its function in a loan:
PPMT
The total amount of interest paid on a loan at a point in time
CUMIPMT
Periodic interest at a point in time of a loan
CUMPRINC
Principal paid on a loan at a point in time
Correct Answer:
Verified
Premises:
Responses:
PPMT
The total amount of interest paid on a loan at a point in time
CUMIPMT
Periodic interest at a point in time of a loan
CUMPRINC
Principal paid on a loan at a point in time
IPMT
Visually organize the payments in a loan
Amortization Table
The total amount of principal paid on a loan at a point in time
(Matching)
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Which function calculates the total amount of interest paid over a specific number of payments?

(Multiple Choice)
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If you have 3 possible outcomes in a nested IF statement,then you need ________ logical tests.

(Short Answer)
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Which of these functions does not support multiple conditions?

(Multiple Choice)
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In database functions,<>,>,=,<,>= and <= are called ________.

(Short Answer)
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You need to know how many clients you have in a dataset with these fields in these ranges.Criteria are in A363: F365. You need to know how many clients you have in a dataset with these fields in these ranges.Criteria are in A363: F365.   Which function would accomplish this task? Which function would accomplish this task?

(Multiple Choice)
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Associate the following functions with its corresponding purpose:
INDEX
Returns the value of the intersection of a specified row and column
IF
Decision structure
OR
Returns true if any criteria are true
Correct Answer:
Verified
Premises:
Responses:
INDEX
Returns the value of the intersection of a specified row and column
IF
Decision structure
OR
Returns true if any criteria are true
MATCH
Returns the position of a particular value
RATE
Returns the interest rate of a loan or investment
(Matching)
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Match each of the following terms to its best description:
Column_num
Return of the Match function
Position
The first argument in the match function,the value to be found
Array
The range of values to be used in an index function's first argument
Correct Answer:
Verified
Premises:
Responses:
Column_num
Return of the Match function
Position
The first argument in the match function,the value to be found
Array
The range of values to be used in an index function's first argument
Row_num
The second argument in the INDEX function
Lookup value
The last argument in the INDEX function
(Matching)
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Which function calculates a periodic rate for an investment or loan given the number of payments,fixed periodic payments,and present value?

(Multiple Choice)
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If your database field contains empty cells,you should use the ________ function to count it.

(Short Answer)
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A(n)________ is a group of two or more adjacent cells that specifies the conditions used to control the results of a filter.

(Short Answer)
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A MATCH function returns the value of a given position.

(True/False)
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Which function returns a value at the intersection of a specified row and column?

(Multiple Choice)
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The ________ function returns the difference between 2 dates.

(Short Answer)
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The ________ function calculates the principal payment for a specified period on a loan or investment.

(Multiple Choice)
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