PMT (rate, nper, $ p v,[f v=0] \quad[t y p e=0]) $
-The function being shown in the figure above is the ____ function.
A) Interest Payment
B) Payment
C) Loan
D) Principal

Question

Quizplus · Accepted Answer

The PMT function calculates the periodic payment for a loan, given the interest rate, number of periods, and present value. It is used to determine the amount that must be paid each period in order to satisfy a loan, assuming constant payments and a constant interest rate. Therefore, the correct choice is option B, Payment.

PMT (Rate, Nper pv,[fv=0][type=0]) p v,[f v=0] \quad[t y p e=0]) pv,[fv=0][type=0])

PMT (Rate, Nper $p v,[f v=0] \quad[t y p e=0])$