In the PMT function,what is not true about the rate argument?
A)It assumes an annual interest rate.
B)It can contain references to fields.
C)It is optional.
D)It reflects the interest charged on a loan.

Question

Quizplus · Accepted Answer

The rate argument is not optional in the PMT function. It is required to calculate the payment amount. A, B, and D are all true statements about the rate argument.

In the PMT Function,what Is Not True About the Rate