When using the PMT function to calculate monthly car payments, the arguments include all but the following: ____.
A) date of purchase
B) interest rate
C) number of payments
D) cost of the car

Question

Quizplus · Accepted Answer

The PMT function requires the interest rate, number of payments, and cost of the car (or loan amount) to calculate monthly payments. The date of purchase is not a necessary argument for this calculation.

When Using the PMT Function to Calculate Monthly Car Payments