True and False

1. The arguments for the PMT function are similar to those for the PV and FV functions, except that it has both the PV and FV arguments in place of the PMT argument.

2. To determine the future value of even cash flows, we can use NPV(RATE, VALUE1, VALUE2, ...) function.

3. The IRR is defined as the rate of return that equates the future value of future cash flows with the cost of the investment.

4. To determine the present value of uneven cash flows, we can use NPV(RATE, VALUE1, VALUE2, ...) function.