The ____________________ Function Sums a Series of Products in Ranges

question 14

Short Answer

The ____________________ function sums a series of products in ranges of identical sizes, called arrays, which are parallel to each other in a worksheet.

---

Definitions:

Market Interest Rates

The prevailing rates at which borrowers can obtain loans and lenders can earn interest in the financial markets, influenced by monetary policy, market demand, and economic conditions.

Premium

An amount paid in addition to a standard rate or principal, often associated with insurance policies or bond prices over par value.

Discount

A reduction applied to the price of goods, services, or securities, either for promotional purposes or to reflect the present value of future cash flows.

Future Cash Flows

The amount of money, both incoming and outgoing, that is expected to be generated or expended in the future.