For which of the following purpose the f

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Target Exam

CUET

Subject

Accountancy

Chapter

Use of Spreadsheet in Business Applications

Question:

For which of the following purpose the function PMT is used in excel?

Options:

Payroll Calculation

Fixed Asset Accounting

Loan Repayment Schedule

Depreciation

Correct Answer:

Loan Repayment Schedule

Explanation:

The function PMT is used to compute the loan repayment schedule.