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:

After-Tax Discount Rate

The discount rate that takes into account the effect of taxes on the net income from an investment.

Straight-Line Depreciation

A tactic for parceling out the expense of a tangible asset through its effective duration in equal yearly quotas.

Initial Investments

The upfront funds required to start a project, purchase assets, or invest in a new venture.

Working Capital

The difference between a company's current assets and current liabilities, indicating the liquidity available to run day-to-day operations.