Question: Question 24 When we use Excels built-in function PV (RATE, NPER, PMT, FV, TYPE) to calculate the present value of annuity, the variable TYPE tells

Question 24

When we use Excels built-in function PV (RATE, NPER, PMT, FV, TYPE) to calculate the present value of annuity, the variable TYPE tells Excel whether the cash flows occur at the end of period (annuity due) or at the beginning of period (ordinary annuity).

True

False

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