The Rate in a PMT Function Is

question 92

Multiple Choice

The rate in a PMT function is:

• A)the periodic interest rate,such as a monthly interest rate.
• B)the total number of payment rate periods.
• C)a word or a string of characters that represent one or more cells.
• D)the rate of present value of a loan.

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Definitions:

Inventory Turnover

A financial ratio that shows how many times a company's inventory is sold and replaced over a period.

Mode

The most recurrent value in a data set.

Most Frequently

Occurring or happening with the highest occurrence or commonality among a set of options or instances.

Values

The beliefs or principles that individuals hold as important, guiding their behavior and decision-making.