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Excel 2010 Chapter 4 Answer Key for Matching and Multiple Choice Matching C Financial functions 1. Predefined formulas that perform common business calculations, and which typically involve a period of time such as months or years. F Interest 2. The amount charged for the use of borrowed money. L Rate 3. In the Excel PMT function, the term used to indicate the interest rate for a loan. J Present value (Pv) 4. The total amount that a series of future payments is worth now. K Principal 5. Another term for present value. G Nper 6. The abbreviation for number of time periods in various Excel functions. D Future value (Fv) 7. The value at the end of the time periods in an Excel function; the cash balance you want to attain after the last payment is made—usually zero for loans. A Arguments 8. The values that an Excel function uses to perform calculations or operations. I PMT function 9. An Excel function that calculates the payment for a loan based on constant payments and at a constant interest rate. N Type argument10. An optional argument in the PMT function that assumes that the payment will be made at the end of each time period. O What-if analysis 11. The process of changing the values in cells to see how those changes affect the outcome of formulas in the worksheet. E Goal Seek 12. One of Excel’s What-If Analysis tools that provides a method to find a specific value for a cell by adjusting the value of one other cell—you can find the right input when you know the result you want. B Data table 13. A range of cells that shows how changing certain values in your formulas affects the results of those formulas, and which makes it easy to calculate multiple versions in one operation. H One-variable data table 14. A data table that changes the value in only one cell. M Two-variable data table 15. A data table that changes the values in two cells. Multiple Choice 1. Loans are typically made for a period of: C. years 2. The future value at the end of a loan is typically: A. zero 3. A word or string of characters that represents a cell, a range of cells, a formula, or a constant value is a defined: B. name 4. In the Cell Styles gallery, the Currency [0] style and the Comma [0] style format the selected cell with how many decimal places? A. 0 5. When you use a defined name in a formula, the result is the same as if you typed a: B. cell reference 6. A group of Excel functions that look up a value in a defined range of cells located in another part of the workbook to find a corresponding value is referred to as: B. lookup functions 7. An Excel function that looks up values that are displayed vertically in a column is the: A. VLOOKUP function 8. A defined range of cells, arranged in a column or a row, used in a VLOOKUP or HLOOKUP function, is called a table: C. array 9. When creating a VLOOKUP or an HLOOKUP function, the one requirement is that the data in the table array is sorted in: A. Ascending order 10. A list of values that are acceptable for a group of cells is a: C. validation list