Which of the Following Functions Does Not Contain a Syntax

question 45

Multiple Choice

Which of the following functions does not contain a syntax error?

• A)=avg(B1:B9)
• B)=AVERAG(B1:B9)
• C)=AVERAGE(B1;B9)
• D)=AVERAGE(B1:B9)

Recognize the importance of loan security and the role of collateral.

Explain the process and benefits of obtaining loans through the Small Business Administration (SBA).

Describe various financing options available for small businesses, including equity capital, trade credit, and factoring.

Understand the implications of loan terms such as maturity, interest rates, and repayment schedules.

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Definitions:

Nominal Rate

The stated interest rate of a bond or loan, not accounting for inflation or compounding effects, also known as the annual percentage rate (APR).

Compounded Monthly

An interest calculation method where interest earned is added to the principal each month, affecting subsequent interest calculations.

Effective Rate

The actual annual interest rate that accounts for compounding over a given period, providing a true reflection of the financial cost or benefit.

Nominal Rate

The stated interest rate of a financial instrument, without adjustment for inflation or compounding frequencies.