Question $9$

Which of the following is incorrect? Choose all that are incorrect.

You can use the NPER function to determine the number of periods that it takes for the present value to grow into a specific future value.

When you solve for the present value of an ordinary annuity, the type argument must be always $1.$

When you solve for an interest rate in a lump sum problem using the RATE function, the pmt argument must be set to a non$-$zero value.

You can determine an annuity amount using the PMT function as follows: PMT$($rate$,$ nper, pv$,$ fv$,$ type$).$