[amp_mcq option1=”present money tracking” option2=”payment” option3=”payment money tracking” option4=”future money payment” correct=”option2″]
The correct answer is: B. payment
PMT stands for “Payment”. It is the amount of money that is paid on a regular basis, such as monthly or annually. The PMT value is used in time value of money calculations to determine the future value of a series of payments.
The other options are incorrect because:
- A. present money tracking is not a term used in time value of money calculations.
- C. payment money tracking is not a term used in time value of money calculations.
- D. future money payment is not a term used in time value of money calculations.