If the Present Discounted Value of $400 Next Year Is

question 2

Multiple Choice

If the present discounted value of $400 next year is $380 this year,what is the implied rate of interest?

• A) 5.26%
• B) 5%
• C) 2.56%
• D) 2.60%

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AutoFit

A feature in spreadsheet and word processing applications that automatically adjusts the width or height of cells, columns, or rows to fit the content.

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A command in spreadsheet software that allows users to enter a mathematical equation to calculate data values.