Question: 1 (1 point) PMT function on excel stands for Payment Question 1 options: True False Question 2 (1 point) 0 denotes end of the period

1 (1 point) PMT function on excel stands for Payment Question 1 options: True False Question 2 (1 point) "0" denotes end of the period in the excel function when calculating the present value Question 2 options: True False Question 3 (1 point) Since your first birthday, your grandparents have been depositing $1,000 into a savings account on every one of your birthdays. The account pays 4% interest annually. Immediately after your grandparents make the deposit on your 18th birthday, the amount of money in your savings account will be closest to : $25,645. Question 3 options: True False Question 4 (1 point) Future Value is abbreviated as FV in the excel function when calculating the time value of money. Question 4 options: True False Question 5 (1 point) An annuity is a stream of n equal cash flows paid at irregular intervals. Question 5 options: True False Question 6 (1 point) Since your first birthday, your grandparents have been depositing $1,000 into a savings account on every one of your birthdays. The account pays 4% interest annually. Immediately after your grandparents make the deposit on your 18th birthday, the amount of money in your savings account will be closest to: Calculating the Future value of annuity using the Excel functions = FV (RATE,NPER,PMT,PV,0) What is the NPER ? Question 6 options: 1 year 18 years None of the above Question 7 (1 point) Perpetual bonds is also know as consol bonds- bonds with no maturity date

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