Question: The following function was entered into an Excel worksheet: = PMT(B2,B3* 12, B4,-B5,1) The purpose of the function is to calculate the annual payments for
The following function was entered into an Excel worksheet: = PMT(B2,B3* 12, B4,-B5,1) The purpose of the function is to calculate the annual payments for a loan. These payments are made at the end of every year. Identify any flaws with this function
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
