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When Used in the PMT Function, the Comma in 1,000

question 146

Multiple Choice

When used in the PMT function, the comma in 1,000 is interpreted as ____.


Definitions:

Inside Address

The name and address of the person to whom the letter is being sent. It appears on a business letter two to four spaces down from the date. It should be two, three, or four lines in length.

Business Letter

A formal document used for communication between companies, or between a company and an individual, characterized by a structured layout and professional tone.

Transparent Window

A clear section of material that allows light to pass through, making objects or environments on the opposite side visible.

Envelopes

Paper or plastic enclosures used for sending letters, documents, or other items, sealed at one end with an opening at the other.

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