Question: If the [ Type ] argument of the PMT function is defined with the number 1 , which of the following is true? The function

If the [Type] argument of the PMT function is defined with the number 1, which of the following is true?
The function will assume that payments will be made at the beginning of each period.
The output of the function will be expressed in monthly payments.
The function will assume that payments will be made at the end of each period.
The output of the function will be expressed in annual payments.
If the [Type] argument of the PMT function is defined with

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