Question: In any Excel function that uses an interest rate (e.g. PMT, IRR, NPV), the correct way to enter a monthly rate when the annual interest

In any Excel function that uses an interest rate (e.g. PMT, IRR, NPV), the correct way to enter a monthly rate when the annual interest rate is 4 percent is: A 0.04. D 0.04 12. 4. 412

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