Which of the following calculates the monthly payment on a loan of $5000 for 2 years at 4% interest? Payments should be expressed as a positive number.
a. –Financial.Pmt (.04 / 12, 2 * 12, 5000)
b. –Financial.Pmt(24, .04 / 12, 5000)
c. –Financial.Pmt (5000, .04 / 12, 2 * 12)
d. none of the above
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(.09 / 4, 3 * 12, 6000)
b. Financial.Pmt(.09 / 4, 3 * 4, 6000)
c. Financial.Pmt(.09 / 12, 3 * 12, 6000)
d. none of the above