Which of the following calculates the quarterly payment on a loan of $6000 for 3 years at 9% interest? Payments should be expressed as a negative number.

A) Financial.Pmt (0.09/4, 3*12, 6000) B) Financial.Pmt (0.09/4, 3*4, 6000) C) Financial.Pmt(0.09/12, 3*12, 6000) D) Financial.Pmt( 0.09/12, 3*4, 6000)

Answer & Solution

Correct Answer: Option B

Let's discuss the solution. Join the discussion

Question posted by Examveda

Community

Join the Discussion

Join the discussion

Login to post a comment or share your explanation.

No comments yet Be the first to discuss this question.

Keep Learning

Which of the following calculates the quarterly payment on a loan...

Which of the following calculates the quarterly payment on a loan of $6000 for 3 years at 9% interest? Payments should be expressed as a negative number.

Join the Discussion

Related Questions on Visual Basic