{"id":48369,"date":"2024-04-15T22:40:14","date_gmt":"2024-04-15T22:40:14","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=48369"},"modified":"2024-04-15T22:40:14","modified_gmt":"2024-04-15T22:40:14","slug":"what-will-be-the-output-of-the-following-visual-basic-expression-financial-pmt-0-06-12-512-12000","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/what-will-be-the-output-of-the-following-visual-basic-expression-financial-pmt-0-06-12-512-12000\/","title":{"rendered":"What will be the output of the following Visual Basic expression? -Financial.Pmt (0.06\/12, 5*12, 12000)"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;200&#8243; option2=&#8221;231.99&#8243; option3=&#8221;345&#8243; option4=&#8221;324.99&#8243; correct=&#8221;option3&#8243;]<!--more--><\/p>\n<p>The correct answer is $\\boxed{\\text{B) }231.99}$.<\/p>\n<p>The Financial.Pmt function calculates the periodic payment for a loan based on the following parameters:<\/p>\n<ul>\n<li>Principal: The amount of money borrowed.<\/li>\n<li>Interest rate: The annual interest rate, expressed as a decimal.<\/li>\n<li>Number of payments: The total number of payments to be made.<\/li>\n<li>Payment frequency: The frequency of payments, in months.<\/li>\n<\/ul>\n<p>In this case, the parameters are:<\/p>\n<ul>\n<li>Principal: $12000$<\/li>\n<li>Interest rate: $0.06\/12 = 0.005$<\/li>\n<li>Number of payments: $5*12 = 60$<\/li>\n<li>Payment frequency: $12$<\/li>\n<\/ul>\n<p>The formula for the Financial.Pmt function is:<\/p>\n<p>$$PMT = -\\frac{P}{1-(1+r)^-n}r$$<\/p>\n<p>where:<\/p>\n<ul>\n<li>$P$ is the principal<\/li>\n<li>$r$ is the interest rate<\/li>\n<li>$n$ is the number of payments<\/li>\n<\/ul>\n<p>Substituting the values for the parameters into the formula, we get:<\/p>\n<p>$$PMT = -\\frac{12000}{1-(1+0.005)^-60}0.005 = 231.99$$<\/p>\n<p>Therefore, the output of the following Visual Basic expression is $\\boxed{\\text{B) }231.99}$:<\/p>\n<p><code>Financial.Pmt (0.06\/12, 5*12, 12000)<\/code><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;200&#8243; option2=&#8221;231.99&#8243; option3=&#8221;345&#8243; option4=&#8221;324.99&#8243; correct=&#8221;option3&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[731],"tags":[],"class_list":["post-48369","post","type-post","status-publish","format-standard","hentry","category-visual-basic","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What will be the output of the following Visual Basic expression? 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