Multiple Choice
Identify the correct formula to calculate the payment for a loan,where rate =6%,loan amount = $2,000,and payments will be made monthly for six years.
A) =PMT(.06, 6*12, 2000)
B) =PMT(.06/12, 6*12, -2000)
C) =PMT(.06, 6*12, -2000)
D) =PMT(6, 6*12, 2000)
Correct Answer:
Verified
Correct Answer:
Verified
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