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25 June, 19:03

An investment carries an interest rate of 8 percent compounded annually. When using the time value of money functions of a financial calculator, the interest rate is entered as 8, whereas it is entered as 0.08 when using a spreadsheet to make the time value of money calculations. A. TrueB. False

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Answers (1)
  1. 25 June, 22:11
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    The answer is True

    Explanation:

    The financial calculator has a button written percentage (I%) meaning that is entered as a number.
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