Describe Two Examples of Why You Would Need to Use

question 34

Essay

Describe two examples of why you would need to use the PMT function.

---

Definitions:

Outstanding Stock

The total shares of a company that are currently owned by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s officers and insiders.

SEC

The U.S. Securities and Exchange Commission (SEC) is an independent federal government agency responsible for protecting investors, maintaining fair and orderly functioning of the securities markets, and facilitating capital formation.

Banks

Financial institutions that accept deposits from the public, offer various financial services, including loans, and ensure economic stability and growth.

U.S. Financial System

The complex of institutions, including banks, securities markets, and regulatory agencies, that facilitate the flow of capital and financial services in the United States.