Question
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.
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Financial Management In The Sport Industry
Authors: Matthew T. Brown, Daniel A. Rascher, Mark S. Nagel, Chad D. McEvoy
3rd Edition
0367321211, 978-0367321215
