Question

Which Function determines the payment needed each period to repay a loan?

 FV

 PMT()

 PV

 CMP

Answer 1

Answer:

NPER function

Loans have four primary components: the amount, the interest rate, the number of periodic payments (the loan term) and a payment amount per period. One use of the NPER function is to calculate the number of periodic payments for loan. pmt - The payment made each period.

Explanation:

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Answer 2

Answer:

pmt

Explanation:

Loans have four primary components: the amount, the interest rate, the number of periodic payments (the loan term) and a payment amount per period. One use of the NPER function is to calculate the number of periodic payments for loan. pmt - The payment made each period.