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) =B3B4
B) =B3B4
C) =B3B4
D) =B3B4
Question 2
An Excel spreadsheet contains the following information about annuities: Column A: Payment, Column B: Rate, Column C: Compounded, Column D: Years, Column E: Total Annuity Investment, Column F: Present Value Factor, Column G: Present Value of Annuity Investment, Column H: Total Interest. Which is the formula needed in Column G to calculate the Present Value of Annuity Investment?
A) =ROUND((B6E6),2)
B) =ROUND((A6F6),2)
C) =ROUND((A6B6D6),2)
D) =ROUND((E6F6),2)
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Business mathematics