Financial =PV(rate, nper, pmt, [fv], [type])

Quiz =PV — 10 Questions

10 quiz questions about =PV — 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 category does =PV belong to?

Question 2 of 10 2/10

Is argument “type” required in =PV?

Question 3 of 10 3/10

Is argument “fv” required in =PV?

Question 4 of 10 4/10

In =PV, which is argument #3?

Question 5 of 10 5/10

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

Question 6 of 10 6/10

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

Question 7 of 10 7/10

Is argument “nper” required in =PV?

Question 8 of 10 8/10

What is the output type of =PV?

Question 9 of 10 9/10

Which statement about =PV is correct?

Question 10 of 10 10/10

Is argument “pmt” required in =PV?

Click a question to see the answer.

1. Which category does =PV belong to?

A. Date & Time
B. Financial ✓
C. Lookup & Reference
D. Cube

Explanation: Category is “Financial”.

2. Is argument “type” required in =PV?

A. —
B. No
C. Yes
D. No ✓

Explanation: “type” is optional.

3. Is argument “fv” required in =PV?

A. No
B. —
C. No ✓
D. Yes

Explanation: “fv” is optional.

4. In =PV, which is argument #3?

A. pmt ✓
B. value
C. lookup_value
D. nper

Explanation: Argument #3 is “pmt”.

5. What is the type of argument “nper” in =PV?

A. Mixed
B. Number ✓
C. Value
D. Array

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

6. What is the type of argument “type” in =PV?

A. Number ✓
B. Array
C. Value
D. Mixed

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

7. Is argument “nper” required in =PV?

A. —
B. Yes ✓
C. No
D. Yes

Explanation: “nper” is required.

8. What is the output type of =PV?

A. Value
B. Date
C. Text
D. Number ✓

Explanation: Output is “Number”.

9. Which statement about =PV is correct?

A. Output is always a dynamic array
B. 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. ✓
C. An annuity is a series of constant cash payments made over a continuous period. For example, a car loan or a mortgage is an annuity. For more information, see the description for each annuity function.
D. In annuity functions, cash you pay out, such as a deposit to savings, is represented by a negative number. Cash you receive, such as a dividend check, is represented by a positive number. For example, a $1,000 deposit to the bank would be represented by the argument -1000 if you are the depositor and by the argument 1000 if you are the bank.

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.

10. Is argument “pmt” required in =PV?

A. Yes
B. —
C. No
D. Yes ✓

Explanation: “pmt” is required.