Which of the following are PMT function arguments?
A)formula name
B)monthly interest rate
C)number of payments
D)loan amount

Question

Quizplus · Accepted Answer

PMT function calculates the periodic payment for a loan based on constant payments and a constant interest rate. Therefore, the arguments required for the PMT function are the monthly interest rate (B), the number of payments (C), and the loan amount (D). The formula name (A) is not required as PMT is a built-in function in Excel.

Which of the Following Are PMT Function Arguments