In the PMT Function,what Is Not True About the Present_value

question 55

Multiple Choice

In the PMT function,what is not true about the Present_value argument?

• A)It can contain references to fields.
• B)It is optional.
• C)It reflects the total amount of a loan.
• D)It returns a negative value by default.

---

Definitions:

Investment Company

A business structure, such as a corporation or trust, dedicated to managing the combined investments of various investors in financial markets.

Front-end Loads

Charges or fees that are paid by investors at the time of purchasing shares of a mutual fund or an investment trust.

Low-load Mutual Funds

Mutual funds that charge a lower sales load (commission) compared to typical sales charges, making them more cost-effective for investors.

Asset Value

Asset value is the total value of a company's or individual's assets, calculated by summing the market value of all tangible and intangible items.