Which of the following is NOT one of the arguments of a PMT function?
A) payment
B) pv
C) nper
D) rate

Question

Quizplus · Accepted Answer

The PMT function in Excel calculates the payment for a loan based on constant payments and a constant interest rate. It does not have an argument specifically named "payment" because the function itself is used to calculate the payment. The other options (pv, nper, rate) are indeed arguments of the PMT function: pv (present value), nper (number of periods), and rate (interest rate per period).

Which of the Following Is NOT One of the Arguments