Financial
=RATE(nper, pmt, pv, [fv], [type], [guess])
Quiz =RATE — 10 Questions
10 quiz questions about =RATE — test syntax, arguments, examples & errors!
Questions:
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Progress — 10 questions
1 of 10
Question 1 of 10
1/10
How many optional arguments does =RATE have?
Explanation: =RATE has 3 required, 3 optional (6 total).
Question 2 of 10
2/10
Which use case fits =RATE?
Explanation: Use case “Financial Calculations” fits RATE.
Question 3 of 10
3/10
Is argument “guess” required in =RATE?
Explanation: “guess” is optional.
Question 4 of 10
4/10
Is argument “pv” required in =RATE?
Explanation: “pv” is required.
Question 5 of 10
5/10
What is the type of argument “type” in =RATE?
Explanation: Type of “type” is “Number”.
Question 6 of 10
6/10
In =RATE, which is argument #1?
Explanation: Argument #1 is “nper”.
Question 7 of 10
7/10
Which formula is a valid example of =RATE?
Explanation: Correct example: =RATE(A2*12, A3, A4)
Question 8 of 10
8/10
Does =RATE return a dynamic array?
Explanation: RATE does not spill.
Question 9 of 10
9/10
Is argument “fv” required in =RATE?
Explanation: “fv” is optional.
Question 10 of 10
10/10
Which function is related to =RATE?
Explanation: “IRR” is related to RATE.