Objective Questions

### Financial Functions

Predefined formulas that perform common business calculations, and which typically involve a period of time such as months or years.

### Future value (Fv)

The value at the end of the time periods in an Excel function; the cash balance you want to attain after the last payment is made-- usually zero for loans.

### PMT function

An Excel function that calculates the payment for a loan based on constant payments and at a constant interest rate.

### Type argument

An optional argument in the PMT function that assumes that the payment will be made at the end of each time period.

### What-if analysis

The process of changing the values in cells to see how those changes affect the outcome of formulas in the worksheet.

### Goal Seek

One of Excel's What-if Analysis tools that provides a method to find a specific value for a cell by adjusting the value of one other cell-- you can find the right input when you know the result you want.

### Data table

A range of cells that shows how changing certain values in your formulas affects the results of those formulas, and which makes it easy to calculate multiple versions in one operation.

### Name

A word or string of characters that represents a cell, a range of cells, a formula, or a constant value is a defined:

### 0

In the Cell Styles gallery, the Currency [0] style and the Comma [0] style format the selected cell with how many decimal places?

### Lookup functions

A group of Excel functions that look up a value in a defined range of cells located in another part of the workbook to find a corresponding value is referred to as:

### VLOOKUP function

An Excel function that looks up values that are displayed vertically in a column is the:

### Array

A defined range of cells, arranged in a column or row, used in a VLOOKUP or HLOOKUP function, is called a table:

### Ascending order

When creating a VLOOKUP or an HLOOKUP function, the one requirement is that the data in the table array is sorted in: