Question: The following FV function was entered into an Excel worksheet to calculate the value of an investment: = FV ( B 3 , B 4
The following FV function was entered into an Excel worksheet to calculate the value of an investment: FVBBB
The following data was entered into the Excel worksheet
Rate of Return, cell B
Investment Duration, cell B Years
Amount invested at the beginning of each year, cell B $
Given the information provided, which of the following is a valid flaw with this function?
Question options:
A minus sign must precede the cell reference used to define the pmt argument.
The type argument should be
A zero must be added between the commas for the pv argument.
The pv argument should be defined with the cell reference B
The percent symbol must be added after the cell reference in the rate argument.
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