Which Function Calculates Your Monthly Mortgage Payment

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Which Function Calculates Your Monthly Mortgage Payment – I’m seeking clarification on the function used to calculate monthly mortgage payments. Among the options – PMT, NPER, PV, and MORT – which one specifically computes the monthly mortgage payment? I’d greatly appreciate insights from the knowledgeable community members.

A. PMT

B. NPER

C. PV

D. MORT

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    Answer: (A) PMT 

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