Which of the following calculates the monthly payment (expressed as a positive number) for a loan of
Question:
Which of the following calculates the monthly payment (expressed as a positive number) for a loan of $10,000 for 2 years with a 3.5% annual interest rate?
a. –Financial.Pmt(0.035, 2, 10000)
b. –Financial.Pmt(0.035 / 12, 2 * 12, 10000)
c. –Financial.Pmt(2 * 12, 0.035 / 12, 10000)
d. –Financial.Pmt(10000, 0.035 / 12, 2 * 12)
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