In Any Excel Functions That Uses NPER for Term, (E

question 29

Multiple Choice

In any Excel functions that uses NPER for term, (e.g. PMT functions is =PMT(rate, NPER,FV, PV) , the correct way to enter a 30 year term to compute monthly payments is __________.

• A) 30
• B) 30×12
• C) (30/12)/365
• D) (30/12)×365

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