1. What financial function calculates the number of payments required to pay off a loan? A. Rate B. Pmt C. Nper D. PV 2. What can you NOT do with a financial function? A. Calculate the monthly payment on a loan. B. Determine whether a specified condition is met and return a true or false value. C. Find out how long it will take to pay off a debt. D. Project how much an investment will be worth in the future. 3. What financial function calculates how much an investment will be worth in 20 years? A. Nper B. Pmt C. Fv D. Rate E. Pv 4. Interest rates for loans are quoted as annual rates and payments are made on a monthly basis, so to determine the monthly interest owed: A. subtract the loan amount B. divide the interest rate by the number of months in a year C. decide how many total payments you want to make D. make sure the rate is constant