Use the Chart Below to Answer the Following Two Questions

question 31

Multiple Choice

Use the chart below to answer the following two questions:
-Which of the following symbols is used to represent exponents in Excel?

• A) ^
• B) *
• C) #
• D) !

---

Definitions:

Interest Rate

The financial percentage of the principal demanded by a lender for giving a borrower access to resources.

Pure Discount Loan

A loan where the borrower receives a single lump sum payment at maturity instead of periodic payments, with interest incorporated in the repayment amount.

Present Value Problem

A calculation to determine the current value of a future amount of money or stream of cash flows given a specified rate of return.

Perpetuity

A financial instrument or investment that pays a fixed amount of cash flows indefinitely.