Excel Functions Are Organized into ____ Categories

question 1

Multiple Choice

Excel functions are organized into ____ categories.

• A)8
• B)10
• C)11
• D)12

---

Definitions:

Equal Monthly Payments

Equal monthly payments refer to the uniform payment amount made in each period, often seen with loans like mortgages, where principal and interest are paid off over time.

Nominal Annual Rate

The interest rate stated on a loan or financial product, not adjusting for inflation or the compounding of interest within that year.

Expected Annual

Refers to the anticipated yearly financial performance or returns, often used in the context of earnings, returns, or income.

Inflation

The rate at which the general level of prices for goods and services is rising, eroding purchasing power.