Use a Calculator to Find the Function Value

question 97

Multiple Choice

Use a calculator to find the function value. Give your answer rounded to seven decimal places, if necessary.
-sec 70°28´

• A)5.9816624
• B)5.9826624
• C)2.9898312
• D)2.9908312

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Definitions:

Discounted Payback

A capital budgeting method that calculates the amount of time needed to recoup an investment based on its discounted cash flows.

Profitability Index

A calculation used to assess the desirability of an investment, defined as present value of future cash flows divided by initial investment.

Net Present Value

Net Present Value (NPV) is a financial measurement that calculates the current value of expected future cash flows from an investment, adjusted for time and interest.

Average Accounting Return

A financial ratio that calculates the average annual income from an investment compared to its initial cost.