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

Quiz =PV — 15 Questions

15 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 — 15 questions 1 of 15

Question 1 of 15 1/15

Which function is related to =PV?

Question 2 of 15 2/15

Is =PV volatile?

Question 3 of 15 3/15

Which category does =PV belong to?

Question 4 of 15 4/15

In =PV, which is argument #1?

Question 5 of 15 5/15

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

Question 6 of 15 6/15

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

Question 7 of 15 7/15

Which use case fits =PV?

Question 8 of 15 8/15

Which statement about =PV is correct?

Question 9 of 15 9/15

Does =PV return a dynamic array?

Question 10 of 15 10/15

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

Question 11 of 15 11/15

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

Question 12 of 15 12/15

In =PV, which is argument #3?

Question 13 of 15 13/15

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

Question 14 of 15 14/15

What is the output type of =PV?

Question 15 of 15 15/15

How many arguments does =PV have in total?

Click a question to see the answer.

1. Which function is related to =PV?

A. PPMT
B. PHONETIC
C. FV ✓
D. POWER

Explanation: “FV” is related to PV.

2. Is =PV volatile?

A. No
B. Yes
C. —
D. No ✓

Explanation: PV is not volatile.

3. Which category does =PV belong to?

A. Financial ✓
B. Web
C. Math & Trig
D. Cube

Explanation: Category is “Financial”.

4. In =PV, which is argument #1?

A. rate ✓
B. nper
C. value
D. fv

Explanation: Argument #1 is “rate”.

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

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

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

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

A. Value
B. Mixed
C. Number ✓
D. Text

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

7. Which use case fits =PV?

A. Workdays & Due Dates
B. Loans & Installments
C. Daily Tasks
D. Financial Calculations ✓

Explanation: Use case “Financial Calculations” fits PV.

8. Which statement about =PV is correct?

A. The following functions apply to annuities:
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. 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.
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.

9. Does =PV return a dynamic array?

A. No
B. No ✓
C. —
D. Yes

Explanation: PV does not spill.

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

A. Mixed
B. Date
C. Array
D. Number ✓

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

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

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

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

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

A. lookup_value
B. pmt ✓
C. type
D. fv

Explanation: Argument #3 is “pmt”.

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

A. Array
B. Mixed
C. Text
D. Number ✓

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

14. What is the output type of =PV?

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

Explanation: Output is “Number”.

15. How many arguments does =PV have in total?

A. 6
B. 5 ✓
C. 7
D. 4

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