An Expression or Integer Value Specifying Total Number of Payments

question 76

Multiple Choice

An expression or integer value specifying total number of payments in a loan is the ________ argument in the PMT function.

• A) rate
• B) num_periods
• C) present value
• D) future value

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Definitions:

Payments of Interest

The act of paying the interest charge on a loan or debt, typically made at regular intervals over the lifetime of the loan.

Payments for Income Tax

Financial outlays made by individuals or corporations to government entities in accordance with taxable income or profits.

Unearned Rental Revenue

Income received from tenant payments before the rental period has occurred, recorded as a liability until earned through the passage of time.

Rent Revenue

Income generated from leasing out property or equipment to another party.