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A shopkeeper creates an Excel sheet to list different items he sold today.Rows A1 to A3 contain headings-Order ID,Selling price,and Quantity,respectively.Cells B1 to H1 list the order ID for the items sold-1001,1002,1003,1004,and 1005,respectively.Cells B2 to H2 list their respective selling price-$10,$12.5,$14,$7.5,and $8.Cells B3 to H3 list their respective quantities-10,12,6,5,and 13.If he enters the formula in cell J1 as: =HLOOKUP (1004,A1: H3,2,FALSE) ,what will the formula return?
Variable Interest Rate
An interest rate that can fluctuate over time, usually based on underlying economic indicators or indices.
Pay Off
To completely repay the outstanding balance of a loan or debt.
Simple Interest
An interest calculation method where the interest charge is based on the original principal amount of a loan or deposit and does not accumulate or compound.
Annum
A term referring to a year, often used in financial contexts to describe periods of time related to investments or contracts.
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