An Expression or Integer Value Specifying Total Number of Payments

question 76

Multiple Choice

An expression or integer value specifying total number of payments in a loan is the ________ argument in the PMT function.

• A) rate
• B) num_periods
• C) present value
• D) future value

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Definitions:

Assumed Name

An assumed name, also known as a trade name or "doing business as" (DBA), is a name a business uses that is different from its legal, registered name.

Device

A piece of equipment designed for a particular purpose, often electronic in nature.

Demand Instrument

A financial document that requires the payment of money immediately or on demand.

Time Of Payment

The specific period or date by which payment for goods or services received must be made.