Which Function Will Return the Total Number of Periods on a $20000

question 95

Multiple Choice

Which function will return the total number of periods on a $20000 loan at 5% interest and a $600 payment?

• A)NPER
• B)RATE
• C)IPMT
• D)PPMT

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Definitions:

Poverty

Poverty is the condition where an individual or community lacks the financial resources and essentials for a minimum standard of living.

Absolute Terms

Describes quantities or conditions that are not relative or comparative, standing independently on their own.

Relative Terms

Concepts or measurements that are dependent on or compared to another variable or context.

Prevalent

Widespread in a particular area at a certain time; commonly occurring or generally accepted.