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:

Ownership of Stock

Holding shares in a company, which represents a claim on its assets and earnings.

Volume of Sales

The total number of units of a product or service sold within a specific time frame, often used as an indicator of a company’s performance or consumer demand.

Corporations

Corporations are legal entities owned by shareholders, capable of entering into contracts, owning assets, and being held liable for debts, formed to engage in business activities.

Partnerships

An official form of business where management tasks and earnings are divided among two or more participants.