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A Restaurant Owner Sets Up a Sinking Fund to Purchase

Question 29

Multiple Choice

A restaurant owner sets up a sinking fund to purchase a new building to expand its business. The factor from the sinking fund table is stored in Cell B4 and the cost is in Cell B3. Which is the correct way to enter the formula for the periodic deposit using an absolute cell reference?


A) =B3*B4
B) =$B3*$B4
C) =$B$3*B4
D) =B3*$B$4

Correct Answer:

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