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      Question

      What does the PMT function do in

      Excel?
      A Calculates the principal payment for a loan Correct Answer Incorrect Answer
      B Calculates the payment for a loan based on constant payments and a constant interest rate Correct Answer Incorrect Answer
      C Calculates the total payment for a loan Correct Answer Incorrect Answer
      D Calculates the present value of an investment Correct Answer Incorrect Answer

      Solution

      The PMT function in Excel calculates the payment for a loan based on constant payments and a constant interest rate.

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