To calculate the number of ____ payments required to pay off a loan or meet an investment goal,use the NPER function.
A) monthly
B) daily
C) quarterly
D) either a.or c.

Question

Quizplus · Accepted Answer

The NPER function can be used for monthly or quarterly payments, so either choice A (monthly) or C (quarterly) would be correct. Choosing D (either A or C) covers both possibilities. The NPER function would not be appropriate for daily payments as it assumes equal time periods between payments.

To Calculate the Number of ____ Payments Required to Pay