If the annual interest rate of a loan is 5% and you want to calculate the interest rate for each monthly payment, you would enter ________ as the Rate argument in the FV function

A) 5%
B) 5% * 12
C) 5% / 12
D) - 5%


Answer: C

Computer Science & Information Technology

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Fill in the blank(s) with correct word

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Answer the following statement true (T) or false (F)

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