Financial =FV(rate,nper,pmt,[pv],[type])

Quiz =FV — 10 Questions

10 quiz questions about =FV — 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 — 10 questions 1 of 10

Question 1 of 10 1/10

Which statement about =FV is correct?

Question 2 of 10 2/10

What is the type of argument “pmt” in =FV?

Question 3 of 10 3/10

What is the type of argument “type” in =FV?

Question 4 of 10 4/10

Which use case fits =FV?

Question 5 of 10 5/10

Is argument “pv” required in =FV?

Question 6 of 10 6/10

Does =FV return a dynamic array?

Question 7 of 10 7/10

How many optional arguments does =FV have?

Question 8 of 10 8/10

What is the type of argument “pv” in =FV?

Question 9 of 10 9/10

Is argument “rate” required in =FV?

Question 10 of 10 10/10

How many required arguments does =FV have?

Click a question to see the answer.

1. Which statement about =FV is correct?

A. 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 12 percent annual interest, 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. ✓
B. Only works in old versions
C. Select entire column for best performance
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 12 percent annual interest, 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. What is the type of argument “pmt” in =FV?

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

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

3. What is the type of argument “type” in =FV?

A. Value
B. Text
C. Array
D. Number ✓

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

4. Which use case fits =FV?

A. Probability & Hypothesis Testing
B. Date & Time Calculations
C. Error Handling
D. Financial Calculations ✓

Explanation: Use case “Financial Calculations” fits FV.

5. Is argument “pv” required in =FV?

A. Yes
B. No
C. No ✓
D. —

Explanation: “pv” is optional.

6. Does =FV return a dynamic array?

A. Yes
B. —
C. No ✓
D. No

Explanation: FV does not spill.

7. How many optional arguments does =FV have?

A. 1
B. 3
C. 2 ✓
D. 4

Explanation: =FV has 3 required, 2 optional (5 total).

8. What is the type of argument “pv” in =FV?

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

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

9. Is argument “rate” required in =FV?

A. Yes
B. Yes ✓
C. No
D. —

Explanation: “rate” is required.

10. How many required arguments does =FV have?

A. 2
B. 5
C. 3 ✓
D. 4

Explanation: =FV has 3 required, 2 optional (5 total).