Which Function Will Calculate the Periodic Interest Rate of a Loan

question 30

Multiple Choice

Which function will calculate the periodic interest rate of a loan with a $500 payment on a $20000 loan paid back over 5 years?

• A)FV
• B)RATE
• C)NPV
• D)PV

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Health

The state of complete physical, mental, and social well-being, not merely the absence of disease or infirmity.

Wellness

An active process of becoming aware of and making choices toward a healthy and fulfilling life; it encompasses physical, mental, and social well-being.

Variables

Elements, characteristics, or factors that can change or vary, often used in research to determine relationships or outcomes.

Average Age

The mean age of a particular population, calculated by dividing the total age of all individuals by the number of individuals in the group.