Question

Which statements about Excel's FV function are correct?

A. The FV function has five arguments, and their abbreviations are rate, nper, pmt, pv, and type.
B. If the number for the pmt argument is entered as a positive value and the pv value is zero, the FV value is negative.
C. If the interest rate is 10%, the rate argument can be entered as .1 or 10%.
D. All of the options are correct.

Answer 1

. D)All of the options are correct.

Step-by-step explanation:

Excel's FV function can be regarded as financial function that bring about the analysis and calculation of an investment Future's value.

It should be noted that it posses arguments,with abbreviations: rate, nper, pmt, pv, and type.

an Excel's FV function will have negative value If the number for the pmt argument is entered as a positive value and the pv value is zero,

Hence, all the given options are correct.