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.

Question

TuteeHUB · Accepted Answer

Financial.Pmt(0.09/12, 3*12, 6000)

TuteeHUB · Answer

Financial.Pmt (0.09/4, 3*12, 6000)

TuteeHUB · Answer

Financial.Pmt (0.09/4, 3*4, 6000)

TuteeHUB · Answer

Financial.Pmt(0.09/12, 3*12, 6000)

TuteeHUB · Answer

Financial.Pmt( 0.09/12, 3*4, 6000)

1.	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» C. Financial.Pmt(0.09/12, 3*12, 6000)

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.

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