You Can Use the INDEX Function to Look Up Data

question 144

Multiple Choice

You can use the INDEX function to look up data stored in a single row, such as B3:E3, or a single column, such as B3:B7. In this case, you enter the range as the ____ argument.

• A) first
• B) second
• C) third
• D) fourth

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Definitions:

Perpetuity

An infinite series of equal payments at equal intervals of time.

Present Value

The present-day value of a sum of money to be received in the future or a series of future cash flows, based on a certain return rate.

Cash Flow

A financial measurement that shows the net amount of cash and cash-equivalents being transferred into and out of a business over a specified period.

Annuity

A finite series of equal payments at equal intervals of time. In an ordinary annuity the payments occur at the ends of the time periods. In an annuity due, they occur at the beginnings.