A. The payment for a loan based on constant payments and interest rate
B. The interest rate of a loan
C. The future value of an annuity
D. The present value of an investment
Answer: Option A
Solution (By JKSSB Mock Tests)
PMT computes the periodic payment for a loan or annuity with constant payments and a fixed interest rate. PV calculates present value, FV future value, RATE calculates interest rate.
Explanation:
Ctrl + R is the universal shortcut to right-align selected text, paragraphs, or active layout structures flush against the right margin in MS Word.
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