In a PMT Function, the ____ Argument Is the Interest

question 127

Multiple Choice

In a PMT function, the ____ argument is the interest rate per compounding period.

• A) rate
• B) nper
• C) pv
• D) type

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Definitions:

Angel

A rich individual funding a start-up company, typically in exchange for convertible debt or an equity share.

Equity Crowdfunding

A method of raising capital through the sale of shares in a company to a large number of investors, typically through online platforms.

JOBS Act

The Jumpstart Our Business Startups Act is legislation in the United States intended to encourage the funding of small businesses by easing various securities regulations.

Dow Jones

An American stock market index that measures the stock performance of 30 large companies listed on stock exchanges in the United States.