Which of the Following Are PMT Function Arguments

question 72

Multiple Choice

Which of the following are PMT function arguments?

• A) formula name
• B) monthly interest rate
• C) number of payments
• D) loan amount

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Definitions:

Account Balance

The amount of money in a financial repository, such as a bank account, at any given time.

Journal

A detailed record where all financial transactions of a business are initially recorded before being transferred to accounts in the general ledger.

Ledger

A comprehensive collection of all accounts and their transactions used in the accounting system of a business.

Chart

In finance and accounting, often refers to graphical representations of data, such as financial charts for analysis.