Which of the following scenarios will yield INACCURATE results long-term when using the PMT function.
a. When the interest rate changes monthly.
b. Using an unequal number of months for the NPER.
c. When the monthly payment is the same every month until the loan is repaid.
d. When the interest rate is the same every month for the whole period.
Ans: a. When the interest rate changes monthly.
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