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When using the pmt function to calculate periodic payment rates based on the principal value (pv), number of periodic payments (nper), and interest rate (rate) for a loan, what is the correct order of arguments to insert?

a. pmt(pv, nper, rate)
b. pmt(nper, pv, rate)
c. pmt(rate, nper, pv)
d. pmt(rate, pv, nper)

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