_______________ in Excel Is a Routine That Performs Necessary Calculations

question 5

Multiple Choice

_______________ in Excel is a routine that performs necessary calculations.

• A)Execute
• B)Perform
• C)Solver
• D)Run
• E)Calculate

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Definitions:

Effective-interest Amortization

A method of calculating the amortized cost of a bond or loan by applying the effective interest rate to the outstanding balance.

Interest Payment

The payment made to a lender by a borrower in return for the use of borrowed money, typically represent a fixed percentage of the principal.

Book Value

The net value of a company's assets, calculated as total assets minus intangible assets (patents, goodwill) and liabilities.

Straight-line Amortization

A method of evenly spreading the cost of an intangible asset over its useful life.