The ____ function returns the present value of an annuity.
A) FV
B) PMT
C) PV
D) VDB

Question

Quizplus · Accepted Answer

The PV (present value) function returns the present value of an annuity. FV (future value) function returns the future value of an annuity. PMT (payment) function returns the payment amount for an annuity. VDB (variable declining balance) function returns the depreciation for an asset for a specific accounting period using a declining balance method.

The ____ Function Returns the Present Value of an Annuity