When Using the PMT Function to Calculate Monthly Loan Payments,the $\underline {\text { year }}$

question 66

True/False

When using the PMT function to calculate monthly loan payments,the interest rate and the number of payments should be based on the interest rate per $\underline {\text { year }}$ and the total months to pay off the loan._________________________

---

Definitions:

Hydrogel Dressing

A wound care product that keeps the injury site moist and clean, promoting healing by providing optimal moisture conditions.

Moisture

The presence of a liquid, especially water, often in trace amounts.

Wound Healing

The complex process by which the skin or body tissue repairs itself after injury through various stages involving cell regeneration.

Necrotic Hip Wound

A type of injury where the tissue in the hip area is dead or dying, often due to a lack of blood supply or infection.