In the PPMT function, the per-argument periods begin at 1 and end at the last payment period, which equals ____.

Question

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The PPMT function calculates the payment on a specific period in a loan or investment based on a constant payment and constant interest rate. The per-argument periods start at 1 and end at the last payment period, which is equal to the nper (number of periods) of the loan or investment. Therefore, the correct answer is A, nper.

In the PPMT Function, the Per-Argument Periods Begin at 1