In the Excel PMT Function,the Term Used to Indicate the Interest

question 3

Multiple Choice

In the Excel PMT function,the term used to indicate the interest rate for a loan is called ________.

• A)Present value (Pv)
• B)rate
• C)Future value (Fv)
• D)payment period

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Definitions:

Series-parallel

A circuit configuration that combines elements in both series and parallel to achieve desired electrical characteristics.

Current Flow

The movement of electric charge carriers like electrons or ions, through a conductor or space, typically measured in amperes (A).

Electric Motor

An electromagnetic device that converts electrical energy into mechanical motion, used in a wide range of applications from household appliances to industrial machinery.

Generator

A device that converts mechanical energy into electrical energy, commonly used for providing power in locations without access to the electrical grid.