Asked by Anupama Balaji on Jul 07, 2024
Verified
Which of the following are financial functions? Select all the options that apply.
A) PMT
B) PROPER
C) NPER
D) FV
Financial Functions
Specific mathematical formulas used in spreadsheets or financial software to perform calculations related to finance, such as interest rates, payments, and investment returns.
FV
Future Value, a finance function that calculates the future value of an investment based on a constant interest rate and fixed payments over time.
PMT
A financial function that calculates the payment for a loan based on constant payments and a constant interest rate.
- Understand the application of financial functions in Excel.
Verified Answer
Learning Objectives
- Understand the application of financial functions in Excel.
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