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My question is what does each part of the excel equation stand for? What is the number for rate? What is the number for pmt?

My question is what does each part of the excel equation stand for? What is the number for rate? What is the number for pmt? etc...image text in transcribed

Solving for N: If sales grow at 10% per year, how long before sales double? Solves the general FV equation for N. Hard to solve without a financial calculator or spreadsheet INPUTS 10 -1 0 2 N I/YR PV PMT FV OUTPUT 7.3 EXCEL: ENPER(rate,pmt,pv,fv, type)

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