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Which of the Following Would Not Produce the Correct Monthly

Question 6

Multiple Choice

Which of the following would not produce the correct monthly payment on a loan of $13,000 which will be paid off in 5 years with an annual interest rate of 6%?


A) =PMT(6%,60,-13000)
B) =PMT(.5%,60,-13000)
C) =PMT(.5%,5*12,-13000)
D) =PMT(6%/12,60,-13000)

Correct Answer:

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