A simulation model extends spreadsheet modeling by
a. extending the range of parameters for which solutions are computed.
b. using real-time values for parameters from the application to formulate solutions.
c. replacing the use of single values for parameters with a range of possible values.
d. using historical data to make predictions about future values and expected trends.
C
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A company borrowed cash from the bank by signing a 5-year, 8% installment note. The present value for an annuity (series of payments) at 8% for 5 years is 3.9927. The present value of 1 (single sum) at 8% for 5 years is .6806. Each annual payment equals $75,000. The present value of the note is:
A. $110,196.89. B. $375,000.00. C. $299,452.50. D. $56,352.84. E. $18,784.28.
Jason and Stacey go to the movie theater and decide to use a camcorder to film the show so they can watch it again with their friends later at home. They have:
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