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In a TVM calculation, if the interest rate is 10% per year and payments are monthly, the interest rate should be entered into the formula

In a TVM calculation, if the interest rate is 10% per year and payments are monthly, the interest rate should be entered into the formula as(Points : 5)
10

.10

.833 or .0833, depending on the method being used.

120 or 1.20 depending on the method being used.

chosse the correct one

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