Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

EXCEL

Chapter 4

QuestionAnswer
What does the PMT function allow you to do? allows you to determine a monthly payment for a loan
What does the PV function allow you to do? allows you to determine the present value of an investment
What is a data table? a range of cells that shows the resulting values when one or more input values are varied in a formula
What is an amortization schedule? a schedule that shows loan balances and the payment amounts applied to the principal and interest for each payment period
What is cell protection? it ensures that users do not change values that are critical to the worksheet
When changing the column width or row height, what do you do if you can't get the exact widths or heights specified? right click the column or row heading to resize, click column width or row height to display the dialog box, type the exact number and then click ok
What is a cell name? a name you assign to a cell or range
Are names absolute or relative cell references? absolute cell references
Is a cell name valid when it contains a period, as with the Down_Pymt. cell name? Yes. Periods and underscore characters are allowed in cell names. A cell name can NOT begin with a period or underscore.
What are the limitations on cell names? No longer than 255 characters
When do you use an underscore character when creating a cell name? When there are two or more words; place any space with the underscore character (_)
PMT function the financial function that calculates the payment schedule required to repay a loan based on constant payments and a constant interest rate
What are the three arguments of the PMT function? rate- interest rate per pay period periods- the number of payments over the life of the loan loan amount-amount of the loan
What is the pmt function? =PMT(rate, periods, loan amount)
Financial institutions calculate interest on a ____________ basis. monthly
Excel returns a negative number as the monthly payment. How do you fix the function so that is comes up with a positive number? begin the function with a negative sign instead of an equal sign
What is the rate value in the PMT function (when it is calculated on a monthly basis? Rate/12 monthly interest rate
What is the period value in the PMT function (when it is calculated on a monthly basis? 12 * Term number of payments
What is the FV function? it returns the future value of an investment based on scheduled payments and an unchanging interest rate
What 3 arguments does the FV function require? the interest rate per period the number of periods the payment made each period (which cannot change)
What is a data table? a range of cells that shows the resulting values when one or more input values are varied in a formula
What is the one purpose of data tables? to organize the answers to what-if questions
What is a one-input data table (one-variable data table)? a range of cells that shows resulting values when one input value in a formula is changed
What is a two-input data table? allows you to vary the value in two cells and then see the recalculated results
What is an amortization schedule? show the beginning and ending balances of a loan and the amount of payment that applies to the principal and interest for each year over the life of the loan
What does the PV function do? returns the present value of an annuity; use to determine the amount the borrower still owes on the loan at the end of each year
What does PV stand for ? present value
What is an annuity? a series of fixed payments made at the end of each of a fixed number of periods (months) at a fixed interest rate
What is the PV formula? =PV(rate, period, payment)
What are unprotected cells? cells whose values that can be changed at any time
What are protected cells? cells that cannot be changed
Why would you highlight ( and a pointer) cells to make the row with the active interest rate stand out
Popular Computers sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards