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.

Sonali Mishra • 4.53K Points
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Q. 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 (0.09/4, 3*12, 6000)
(B) Financial.Pmt (0.09/4, 3*4, 6000)
(C) Financial.Pmt(0.09/12, 3*12, 6000)
(D) Financial.Pmt( 0.09/12, 3*4, 6000)

Correct Answer - Option(B)
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Q. 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.

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