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If the [Type] argument of the PMT function is defined with the number 1, which of the following is TRUE? Responses The output of the function will be expressed in quarterly payments. The output of the function will be expressed in quarterly payments. The output of the function will be expressed in annual payments. The output of the function will be expressed in annual payments. The function will assume that payments will be made at the beginning of each period. The function will assume that payments will be made at the beginning of each period. The function will assume that payments will be made at the end of each period. The function will assume that payments will be made at the end of each period. The output of the function will be expressed in monthly payments