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
+1
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “An investment carries an interest rate of 8 percent compounded annually. When using the time value of money functions of a financial ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Business » 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.