If you plan to invest money for 18 months,the value of the nper argument in the PMT function is $\underline { 18. }$_________________________

Name: If you plan to invest money for 18 months,the value of the nper argument in the PMT function is $\underline { 18. }$_________________________
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Question

If you plan to invest money for 18 months,the value of the nper argument in the PMT function is $\underline {  18.  }$_________________________

Quizplus · Accepted Answer

The nper argument in the PMT function stands for the number of periods. Since the investment is for 18 months, which is equivalent to 1.5 years, the value of nper would be 18.

If You Plan to Invest Money for 18 Months,the Value 18.‾\underline { 18. }18.​

If You Plan to Invest Money for 18 Months,the Value $\underline { 18. }$