The ____ function finds the value of the payment per period, assuming that there are constant payments and a constant interest rate for the duration of the loan.

Question

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The PMT (Payment) function is used to find the value of the payment per period in a loan, given constant payments and a constant interest rate for the duration of the loan. Therefore, option D is the correct choice. Options A, B, and C are not specific enough and not commonly used in financial calculations.

The ____ Function Finds the Value of the Payment Per