Which of the following statements is TRUE?
A) On many calculators the TVM key for interest is I/Y; this is Interest per Year, or the EAR rate.
B) On many calculators the TVM key for interest is Y/I; this is Interest per Year, or the APR rate.
C) On many calculators the TVM key for interest is I/Y; this is Interest per Year, or the APR rate.
D) On many calculators the TVM key for a period is I/Y.
Answer: C
Explanation: C) All other answers besides C have at least one word and/or fraction that disagree with the correct words found in C.
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A) 5,000 B) 8,000 C) 18,000 D) 23,000
Some ethical and unethical behaviors fall into gray areas, while others are widely agreed upon
Indicate whether the statement is true or false.