What Effect Does the Accounting Number Format Have on the Selected

question 24

Multiple Choice

What effect does the Accounting Number Format have on the selected cells?

• A) Converts alphabetic characters to numbers
• B) Displays cell contents with two decimal places that align vertically
• C) Performs tax calculations
• D) Copies the numbers of one cell to another

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Definitions:

Rate Of Interest

The percentage at which interest is paid by a borrower for the use of money they borrow from a lender.

Monthly Payments

Regular amounts paid each month, often in the context of loans, mortgages, or other long-term financial commitments, to reduce a debt or pay for a service.

Terms Of The Loan

The specific conditions agreed upon by the lender and borrower, defining the loan amount, interest rate, repayment schedule, and other obligations.

Future Value

A future date's asset or cash value that matches a predetermined sum's worth in the present.