hard20 pts · first answer countsexcelfinancial-functions

Lease paid at the start of each month

An office lease is paid at the start of each month. Compared with =PMT(r,n,pv), what does =PMT(r,n,pv,0,1) give?

A.A smaller payment, the first divided by (1 + r)B.A larger payment, the first times (1 + r)C.The same payment, only the dates changeD.A payment of zero, since fv is set to 0

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Lease paid at the start of each month

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