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CUET
-- Accountancy Part C
Use of Spreadsheet in Business Applications
In what cell is the Rate for PMT function where - PMT (C8, C9, C10, C11, C12)?
C8
C10
C9
C12
The correct answer is Option (1) → C8.
In the PMT function, the rate is the interest rate per period, which is located in C8 cell.