Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 23, 2024

25. In any Excel functions that uses NPER for term, (e.g. PMT functions is =PMT(rate, NPER,FV, PV), the correct way to enter a 30 year

25. In any Excel functions that uses NPER for term, (e.g. PMT functions is =PMT(rate, NPER,FV, PV), the correct way to enter a 30 year term to compute monthly payments is __________.

A. 30

B. 3012

C. (30/12)/365

D. (30/12)365

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Survey of Accounting

Authors: Carl S Warren

6th edition

978-113318912, 1133189121, 978-1133189121

More Books

Students also viewed these Accounting questions

Question

★★★★★

Clyde Conway owns Clyde's Pets, a small retail shop selling pet supplies. On December 31, 2018, the accounting records of Clyde's Pets showed the following: Merchandise Inventory on December 31, 2018...

Answered: 1 week ago

Question

★★★★★

Explain how the following items individually and collectively affect the overall level of security provided by using a password as an authentication credential. a. Length. b. Complexity requirements...

Answered: 1 week ago

Question

★★★★★

4. Would your answers in QE (2) and QE (3) above be different if there are merger benefits of *50 lakh and *25 lakh in the first proposal and second proposal, respectively?

Answered: 1 week ago

Question

★★★★★

Lor Companys single product sells at a price of $108 per unit. Cost data for its single product follows. Compute this companys break-even volume in units. Direct materials . . . . . . . . . . . . . ....

Answered: 1 week ago

Question

★★★★★

25. In any Excel functions that uses NPER for term, (e.g. PMT functions is =PMT(rate, NPER,FV, PV), the correct way to enter a 30 year term to compute monthly payments is __________. A. 30 B. 3012 C....

Answered: 1 week ago

Question

★★★★★

Kryptonite is a telecommunication provider locate in Iowa with hundreds of thousands of employees. Their CEO, Clark Kline, is considering the replacement of their expensive defined benefit (DB)...

Answered: 1 week ago

Question

★★★★★

What are the different methods to be adopted to prevent soil erosion ?

Answered: 1 week ago

Question

★★★★★

In which of the following cases does it seem reasonable to assume a binomial distribution? Give arguments. (a) You count the number of rainy days in April one year. (b) You count the number of rainy...

Answered: 1 week ago

Question

★★★★★

1. Incubus Corporation began with an investment by shareholders of $40,000. a. In its first year, its income showed a deficit of $7,000. What would the equity section of its balance sheet show? b. In...

Answered: 1 week ago

Question

★★★★★

Required information Exercise 8 - Calculating and Comparing Return on Invested Capital (ROIC) Apple v. Blackberry Skip to question Return on Invested Capital (ROIC) is a profitability ratio that...

Answered: 1 week ago

Question

★★★★★

In early September, 2003, California's Governor Gray Davis approved a controversial law allowing people who were not legal residents to obtain a California state driver's license, That week the...

Answered: 1 week ago

Previous Question Next Question