Multiple Choice
When using the Visual Basic .NET Financial.Pmt function, Financial.Pmt(Rate, NPer, PV[,FV, Due]) , which of the following is correct for a 7%, $10,000, 5 year loan with monthly payments?
A) Financial.Pmt(.07, 5, 10000, 0, DueDate.EndOfPeriod)
B) Financial.Pmt(.07, 5, 10000, 0, DueDate.BegOfPeriod)
C) Financial.Pmt(.07/12, 5*12, 10000, 0, DueDate.EndOfPeriod)
D) Financial.Pmt(7, 5*12, 10000, 0, DueDate.EndOfPeriod)
Correct Answer:
Verified
Correct Answer:
Verified
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