Use a Calculator to Approximate to Three Decimal Places

question 22

Multiple Choice

Use a calculator to approximate to three decimal places.
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• A)14.122
• B)14.107
• C)14
• D)14.094

Understand and apply Excel's basic operations and formulas.

Learn how to format cells and use themes in Excel.

Utilize Excel's functionality to perform mathematical calculations and operate order of operations.

Identify and utilize the tools available in Excel for editing and formatting worksheets.

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Definitions:

Present Value

Present value is the current worth of a future sum of money or stream of cash flows given a specified rate of return, used in time value of money calculations to compare investment options.

Amortized Loan

A loan with scheduled periodic payments that consist of both principal and interest, so the loan is paid off by the end of the term.

Repayment Of Principal

Repayment of principal is the process of paying back the original amount borrowed in a loan, separate from interest payments.

Time Lines

Graphical representations showing a line that marks important events in chronological order along specific dates.