Identify the correct formula to calculate the payment for a loan, where rate is 6%, the loan amount is $2,000, and payments will be made monthly for six years
A) =PMT(.06, 6*12, -2000 ) B) =PMT(.06/12, 6*12, -2000 )
C) =PMT(6, 6*12, 2000 ) D) =PMT(.06, 6*12, 2000 )
B
Computer Science & Information Technology
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Fill in the blank(s) with the appropriate word(s).
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