When using the PMT function,you should type a negative sign in front of the present value of the loan so that the payment will result in a positive value.
Correct Answer:
Verified
Q47: An alternative method to using the negative
Q48: Interest and principal make up EVERY payment
Q49: The PMT function equals the sum of
Q50: The statement of cash flows can be
Q51: The PPMT and IPMT functions use the
Q53: To calculate a loan payment for a
Q54: The CUMIPMT requires six arguments.
Q55: The CUMIPMT can be used to help
Q56: Incoming cash flows are "negative," whereas outgoing
Q57: By default,the PMT function returns a positive
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents