The Default Convergence Value Is 0

question 28

Multiple Choice

The default convergence value is 0.001,which means that if the change in the value of the objective cell between the new solution and the previous solution is _______ 0.001,Solver stops the interative process and reports the current solution.

• A)equal to
• B)less than or equal to
• C)greater than or equal to
• D)greater than

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Definitions:

Loan

A sum of money borrowed that is expected to be paid back with interest.

Compounded Annually

Interest on an investment is calculated once a year and added to the principle, increasing the amount the interest is calculated on the following year.

Scholarships

Financial aid awards given to students to support their education, typically based on academic achievement, talent, or other criteria.

Compounded Quarterly

The calculation of interest on both the initial principal and accumulated interest over three-month intervals.