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

Quiz =FV — 15 Questions

15 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 — 15 questions 1 of 15

Question 1 of 15 1/15

What is the output type of =FV?

Question 2 of 15 2/15

Is argument “rate” required in =FV?

Question 3 of 15 3/15

Is argument “type” required in =FV?

Question 4 of 15 4/15

Which category does =FV belong to?

Question 5 of 15 5/15

Which function is NOT related to =FV?

Question 6 of 15 6/15

Which is the correct syntax of =FV?

Question 7 of 15 7/15

Is argument “pv” required in =FV?

Question 8 of 15 8/15

In =FV, which is argument #3?

Question 9 of 15 9/15

Is argument “pmt” required in =FV?

Question 10 of 15 10/15

Which statement about =FV is correct?

Question 11 of 15 11/15

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

Question 12 of 15 12/15

Which use case fits =FV?

Question 13 of 15 13/15

How many required arguments does =FV have?

Question 14 of 15 14/15

Which formula is a valid example of =FV?

Question 15 of 15 15/15

Which function is related to =FV?

Click a question to see the answer.

1. What is the output type of =FV?

A. Mixed
B. Number ✓
C. Text
D. Date

Explanation: Output is “Number”.

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

A. No
B. —
C. Yes ✓
D. Yes

Explanation: “rate” is required.

3. Is argument “type” required in =FV?

A. —
B. Yes
C. No ✓
D. No

Explanation: “type” is optional.

4. Which category does =FV belong to?

A. Cube
B. Date & Time
C. Financial ✓
D. Math & Trig

Explanation: Category is “Financial”.

5. Which function is NOT related to =FV?

A. CORREL ✓
B. POWER
C. FVSCHEDULE
D. PMT

Explanation: “CORREL” is not related to FV.

6. Which is the correct syntax of =FV?

A. =FV(rate,nper,pmt,[pv],[type]) ✓
B. FV(rate,nper,pmt,[pv],[type])
C. =FV(rate,nper,pmt,[pv],[type], 0)
D. =FVSCHEDULE(rate,nper,pmt,[pv],[type])

Explanation: Correct syntax: =FV(rate,nper,pmt,[pv],[type])

7. Is argument “pv” required in =FV?

A. —
B. No ✓
C. No
D. Yes

Explanation: “pv” is optional.

8. In =FV, which is argument #3?

A. pv
B. pmt ✓
C. criteria
D. value

Explanation: Argument #3 is “pmt”.

9. Is argument “pmt” required in =FV?

A. —
B. No
C. Yes ✓
D. Yes

Explanation: “pmt” is required.

10. 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. For all the arguments, cash you pay out, such as deposits to savings, is represented by negative numbers; cash you receive, such as dividend checks, is represented by positive numbers.
C. Text is always ignored
D. Requires add-in

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.

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

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

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

12. Which use case fits =FV?

A. Investment Appraisal
B. Conditional Logic
C. Financial Calculations ✓
D. Lookup & Retrieval

Explanation: Use case “Financial Calculations” fits FV.

13. How many required arguments does =FV have?

A. 4
B. 2
C. 3 ✓
D. 5

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

14. Which formula is a valid example of =FV?

A. FV(A2/12, A3, A4, A5, A6)
B. =FV(A2/12, A3, A4, A5, A6, 0)
C. =FVSCHEDULE(A2/12, A3, A4, A5, A6)
D. =FV(A2/12, A3, A4, A5, A6) ✓

Explanation: Correct example: =FV(A2/12, A3, A4, A5, A6)

15. Which function is related to =FV?

A. FVSCHEDULE ✓
B. Z.TEST
C. YIELD
D. ERFC

Explanation: “FVSCHEDULE” is related to FV.