If the Annual Interest Rate Is 12% and Payments Are

question 71

Short Answer

If the annual interest rate is 12% and payments are made monthly, then you would enter ________ in the RATE argument in the PMT function.

---

Definitions:

Glomeromycetes

A group of endomycorrhizal fungi that form arbuscular mycorrhizae with the roots of many plants; belong to phylum Glomeromycota

Chytridiomycetes

A class of fungi characterized by producing motile spores; they are often aquatic and play roles in decomposition and nutrient cycling.

Basidiomycetes

A large class of fungi characterized by producing spores on basidia, playing crucial roles in ecosystem nutrient cycling and as food sources.

Zygomycetes

A class of fungi known for forming sexual spores called zygospores and mostly living as saprophytes.