Exam (elaborations)
D076 Module 5 already graded A+ 2024/2025
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D076 Module 5 already graded A+ 2024/2025
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D076 Module 5rate - ANSInterest rate per period
nper - ANSnumber of payments in a annuity
pmt - ANSpayment made each period
pv - ANSPresent Value, a lump sum amount that a series of future payments is made
fv - ANSfuture value, or the cash balance you want to attain after the past payment is made
type - ANStype of annuity-0 indicates an ordinary annuity; 1 indicates an annuity due. default is
0
value1,[value2], - ANSvalue1 is the given first payment one period for today; value2 is the
second payment one period after value1. each payment must be equally spaced in time to occur
at the end of each period
Values - ANSAn array of reference to cells that contain numbers for which you want to calculate
the internal rate of return
=RATE(NPER, PMT, PV, [FV], [type], [guess]) - ANSReturns the interest rate per period
=NPER(RATE, PMT, PV, [FV], [type]) - ANSReturns the number of payment periods in an
annuity
=PMT(rate,nper,pv,[fv],[type]) - ANSReturns the payment made each period (this has to be an
annuity)
=PV(RATE, NPER, PMT, [FV], [type]) - ANSReturns the present Value, or lump sum amount that
a series of future payments is worth right now
=FV(rate,nper,pmt,[pv],[type]) - ANSFuture Value Function, or the cash balance you want
toattain after the last payment is made
=NPV(rate,value1,[value2],...) - ANSReturns the net present value of a series of future
payments with a given rate
=IRR(values,[guess]) - ANSinternal rate of return of a series of future payments
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