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)

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Definitions:

American Psychological Association

A professional organization representing psychologists in the United States, dedicated to advancing psychology as a science and profession.

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An influential and powerful origin or foundation for information, motivation, or authority.

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The mental and emotional response of an individual to a particular situation, event, or stimulus.

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Intrinsic or natural characteristics that are permanently embedded within an entity or individual.