Posted by **Anonymous** on Thursday, June 5, 2008 at 10:39pm.

1. =SUM(A14,A8)

2. =C8+ 15

3. PMT function {PMT(D4D12,E4,-C4)}

What will each of the above formulas do

please see if I have the correct answer using excel or another spreadsheet document.

1. Is the sum between the two blocks listed the more blocks the more #'s to the equation, it helps when the #'s change and the total has to be adjusted, the program will do it automatically for you( The same reason for all equations)

2. This would be the block in question plus 15

3. Calculates the payment for a loan based on constant payments and a constant interest rate. PMT(rate,nper,pv,fv,type)

Rate is the interest rate for the loan.

Nper is the total number of payments for the loan.

Pv is the present value, or the total amount that a series of future payments is worth now; also known as the principal.

Fv is the future value, or a cash balance you want to attain after the last payment is made. If fv is omitted, it is assumed to be 0 (zero), that is, the future value of a loan is 0.

Type is the number 0 (zero) or 1 and indicates when payments are due

## Answer This Question

## Related Questions

- Math please check answer - 1. =SUM(A14,A8) 2. =C8+ 15 3. PMT function {PMT(D4D12...
- MAth - Can you tell me if the fv function or the pmt functionn use to find the ...
- finance (saving for $1,000,000) - At age 5, how much would you have to save per ...
- Math - Use Excelâ€™s PMT function to calculate the monthly mortgage payment
- Corporation Finance - If you put up $28,000 today in exchange for an 8.25%, 15-...
- math 20 (finance)Please help - At the end of each month, Jacob puts $400 into an...
- Earth Science - I need help with the following Lab due tonight, 7/30/12, as I ...
- finance mortgage payment - What is your monthly mortgage payment on a loan for $...
- microsoft excell 2007 - when working with predefined formulas in excel,what ...
- Excel - I have to create a payroll document for class using Excel and I am quite...

More Related Questions