Which Function will Return the Monthly Payment of a Loan

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Which Function Will Return the Monthly Payment of a Loan? Well, I am seeking assistance in identifying the correct function to determine the monthly payment of a loan. Among available options like PMT, NPER, PV, and MORT, which function specifically returns the monthly loan payment? Any insights or guidance from the community would be greatly appreciated.

 

  1. Pay (Rate, PV, Nper)
  2. Pmt (Rate, Nper, PV)
  3. FV (Rate, Nper, Pmt)
  4. MORT
  5. None of the above.
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    Answer: The PMT function

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