The _______ function calculates the interest rate charged or received during each payment period.
A)RATE
B)PV
C)NPER
D)FV

Question

Quizplus · Accepted Answer

The RATE function in Excel calculates the interest rate charged or received during each payment period. Both PV and FV are used to calculate the present and future values of an investment, and NPER is used to calculate the number of periods required to reach a specific investment goal.

The _______ Function Calculates the Interest Rate Charged or Received