Case 13-1 Matt, a Financial Consultant, Is Auditing a Friend's

question 56

Multiple Choice

Case 13-1 Matt, a financial consultant, is auditing a friend's document.
Matt wants to calculate the amount of loan payments his friend needs to make on certain loans. He enters the data regarding interest and total principal in the worksheet. Which of the following functions should Matt use to calculate this?

• A)SUM
• B)PMT
• C)CONVERT
• D)AVERAGE

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