4. Which Excel function is used to calculate the amount of each annuity payment? FV NPV...

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4. Which Excel function is used to calculate the amount of each annuity payment? FV NPV PMT O PV

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Answer 1

Answer #1

The excel function which is used to calculate the amount of each annuity payment is PMT.

The other functions are used to calculate the following:

FV is used to calculate the future value

NPV is used to calculate the net present value

PV is used to calculate the present value.

So, the correct answer is option of PMT.

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Answer 2

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