When Using the Visual Basic

question 26

Multiple Choice

When using the Visual Basic .NET Financial.Pmt function, Financial.Pmt(Rate, NPer, PV[,FV, Due]) , which of the following is correct for a 7%, $10,000, 5 year loan with annual payments?

• A) Financial.Pmt(.07, 5, 10000, 0, DueDate.EndOfPeriod)
• B) Financial.Pmt(.07, 5, 10000, 0, DueDate.BegOfPeriod)
• C) Financial.Pmt(.07/12, 5*12, 10000, 0, DueDate.EndOfPeriod)
• D) Financial.Pmt(7, 5*12, 10000, 0, DueDate.EndOfPeriod)

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Definitions:

Price of Juice

The price of juice refers to the amount of money required to purchase a specific volume of juice, influenced by factors like production costs, brand, and market demand.

Indifference Curves

A visual chart that depicts various pairings of two products which deliver identical levels of contentment to a person.

Budget Constraint

A representation, often graphical, of all the combinations of goods and services that a consumer can afford at given prices and within their income level.

Utility Function

A mathematical representation that describes how consumers allocate their spending to maximize satisfaction or utility from goods and services.