Which of the following statements is TRUE?
A) On many calculators the TVM key for interest is I/Y; this is Interest per Year, or the EAR rate.
B) On many calculators the TVM key for interest is Y/I; this is Interest per Year, or the APR rate.
C) On many calculators the TVM key for interest is I/Y; this is Interest per Year, or the APR rate.
D) On many calculators the TVM key for a period is I/Y.
Answer: C
Explanation: C) All other answers besides C have at least one word and/or fraction that disagree with the correct words found in C.
You might also like to view...
Funds invested in retirement plans are shown as liquid assets
Indicate whether the statement is true or false.
Supervisors may express antiunion opinions as long as those statements are not coercive. However, they may not question employees individually about their union involvement.
Answer the following statement true (T) or false (F)
When an appellate court's opinion agrees with (upholds) the decision of the trial court, the court is said to have the decision
a. affirmed b. remanded c. concurred with d. reversed e. none of the other choices
Richard Branson, the founder of the Virgin Group, is well known for creating an inclusive organizational structure in which anybody in the organization can be involved in generating and acting on new business ideas.
Answer the following statement true (T) or false (F)