Asked in PPSC, FPSC and other one-paper exams (compiled from unofficial resources).
Microsoft Office & ProductivityMS Excel
Which function is used in MS Excel to calculate the monthly mortgage payment?
- A.FV
- B.PV
- C.PMTCorrect answer
- D.RATE
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Practice these MCQs in the appQuick fact: The PMT function is used in MS Excel to calculate the monthly mortgage payment based on constant payments and a constant interest rate.