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: =FV(B3,B4,B5,,1)
The following data was entered into the Excel worksheet
Rate of Return, cell B3,5.5%
Investment Duration, cell B4,15 Years
Amount invested at the beginning of each year, cell B5, $3,200
Given the information provided, which of the following is a valid flaw with this function?
Question 19 options:
A minus sign must precede the cell reference used to define the pmt argument.
The [type] argument should be 1.
A zero must be added between the commas for the [pv] argument.
The [pv] argument should be defined with the cell reference B5.
The percent symbol must be added after the cell reference in the rate argument.

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