In the function =CUMIPMT(rate,nper,pv,start,end,type),it is _______ that defines whether the payments are made at the beginning or end of each period.
A)rate
B)nper
C)end
D)type

Question

Quizplus · Accepted Answer

The "type" parameter in the function =CUMIPMT(rate,nper,pv,start,end,type) defines whether the payments are made at the beginning or end of each period. When type = 0, payments are made at the end of each period, and when type = 1, payments are made at the beginning of each period. Therefore, the correct choice is D, which represents the "type" parameter.

In the Function =CUMIPMT(rate,nper,pv,start,end,type),it Is _______ That Defines Whether the Payments