Inputs using an Excel spreadsheet are almost identical to those on a financial calculator,except the interest rate is entered either as a decimal (.05)or a whole number followed by a % sign (5%)rather than simply a whole number (5)as you would enter using a financial calculator.

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This statement is true. The format of inputs for an Excel spreadsheet and a financial calculator are almost identical, except for the way the interest rate is entered. In Excel, it can be entered as either a decimal or a percentage, whereas in a financial calculator, it is only entered as a decimal.

Inputs Using an Excel Spreadsheet Are Almost Identical to Those