The ____ function calculates the future value of an investment or loan.
A) RATE
B) PV
C) NPER
D) FV

Question

Quizplus · Accepted Answer

The FV (Future Value) function is used to calculate the future value of an investment or loan, taking into account the interest rate, number of payments, payment amount, and present value. The RATE function is used to calculate the interest rate of an investment or loan. The PV (Present Value) function is used to calculate the present value of an investment or loan. The NPER function is used to calculate the number of payments required to pay off a loan or investment.

The ____ Function Calculates the Future Value of an Investment