Question
Using Excel, the best way to calculate the fully amortized, monthly loan payment when the interest rate is r, the loan amount is PV and
Using Excel, the best way to calculate the fully amortized, monthly loan payment when the interest rate is r, the loan amount is PV and the number of years, n is:
Question options:
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=ipmt (r/12, n*12, PV)
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none of these answers are correct
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= pmt (r/12, n*12, PV)
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= pmt (r, n, PV)
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=FV (r, n, PV)
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International Finance
Authors: Keith Pilbeam
4th Edition
0230362893, 978-0230362895
