Many ﬁnancial calculators require that:
A) The interest rate be input as a decimal, such as .07.
B) Interest be compounded on an annual basis.
C) The present value be input as a negative number when solving for the interest rate.
D) Interest be computed on a monthly basis.
E) Either the present value or the future value be input as a negative number when solving for the number of periods.

Question

Quizplus · Accepted Answer

Many financial calculators require either the present value or the future value to be input as a negative number when solving for the number of periods to distinguish between cash inflows and outflows.

Many ﬁNancial Calculators Require That