The Excel Formula to Compute the Annual Payment for a Car

question 33

Multiple Choice

The Excel formula to compute the annual payment for a car loan of $30,000 at 5% interest rate over five years is:

• A) =PMT(5,0.05,30000)
• B) =PMT(30000, 0.05,5)
• C) =PMT(0.05,60,30000)
• D) =PMT(0.05,5,30000)

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Definitions:

Stressor

Any event, situation, or stimulus that causes stress or a physiological response to challenge or threat.

Varied Diet

A diet that includes a wide range of different foods to ensure intake of an assortment of nutrients necessary for good health.

Moderate Exercise

Physical activity that is not too strenuous but sufficient to improve or maintain one's fitness level, often recommended for overall health.

Yoga

A group of physical, mental, and spiritual practices or disciplines which originated in ancient India, aiming to control and still the mind.