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Function which returns the interest paid during a specific period of an investment is:

AIVPMT()

BIVSTPMT()

CISTPMT()

DISPMT()

Answer:

D. ISPMT()

Read Explanation:

Functions in Excel

  • Function in Excel includes Mathematical functions, Statistical functions , Text functions, Logical functions
  • Statistical function in Excel

             Average() , Count() , Max() , Min(), Stdev() , Var().

  • Mathematical functions

              Abs() , Int() , Mod() , Rand() , Sqrt() , Sum()

Examples of functions

Functions              Example                              Description

Sum                      =SUM(A1:A10)                     Finds sum of cells A1 through A10

Average                =AVERAGE(A1:A10)              Finds average of the cells A1 through A10

Max                       =MAX(C1:C50)                     Finds the highest of the values from C1 to C50

Min                        =MIN(C1:C50)                     Finds the lowest number from the cells C1 to C50

  • Text functions

               Char() , Concatenate() , Len()

  • Logical functions

               And() , Or() , IF() , NOT()

  • Financial functions

              Rate() , FV() , PV() , NPV() , PMT() , IRR()

  • Function to add all the numbers in a range of Cells

               SUM()

  • Function which calculates the average of its numbers

              AVERAGE()

  • Function to check whether a condition is met IF( it returns a value if TRUE and another  value if FALSE)
  • Function to create a shortcut to open a stored document in hard disk or network server

                 Hyper link

  •  Function to count the number of cells that  contain numbers and numbers within the list of arguments : count
  • Function which returns the largest value in a set of values : MAX()
  • Function which calculates the payment for a loan based on constant payments and a constant   interest rate : PMT()
  • Function which returns the interest paid during a specific period of an investment : ISPMT()
  • Function to calculate the periodic rate of interest for an investment over a specific period

                Rate()

  • Function to calculate the future value for a series of equal investments, earning a fixed periodic rate of interest :  FV ()
  • Function to calculate the net present value of a series of future cash flows discounted a fixed interest rate : NPV()

 


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