=FV(rate,nper,pmt,[pv],[type]) - Future Value Function, or the cash balance you want toattain after
the last payment is made
=IRR(values,[guess]) - internal rate of return of a series of future payments
=NPER(RATE, PMT, PV, [FV], [type]) - Returns the number of payment periods in an annuity
=NP...
D076 Module 5 quiz ratedA+
=FV(rate,nper,pmt,[pv],[type]) - ✔✔Future Value Function, or the cash balance you want toattain after
the last payment is made
=IRR(values,[guess]) - ✔✔internal rate of return of a series of future payments
=NPER(RATE, PMT, PV, [FV], [type]) - ✔✔Returns the number of payment periods in an annuity
=NPV(rate,value1,[value2],...) - ✔✔Returns the net present value of a series of future payments with a
given rate
=PMT(rate,nper,pv,[fv],[type]) - ✔✔Returns the payment made each period (this has to be an annuity)
=PV(RATE, NPER, PMT, [FV], [type]) - ✔✔Returns the present Value, or lump sum amount that a series
of future payments is worth right now
=RATE(NPER, PMT, PV, [FV], [type], [guess]) - ✔✔Returns the interest rate per period
fv - ✔✔future value, or the cash balance you want to attain after the past payment is made
Lolo invested $30000 today in an account that gives 3% interest. Starting one year from today, she will
be able to pull out little over $3500 a year. What does the $30000 represent - ✔✔Present Value
nper - ✔✔number of payments in a annuity
pmt - ✔✔payment made each period
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