QUESTION 7 In the following formula to calculate a monthly payment on a used car

Question

QUESTION 7 In the following formula to calculate a monthly payment on a used car loan, what is the annual interest rate (APR)? PMT(0.01.60.16000) 1% 6% 12% 01696 QUESTION 8 Which chart type is best for showing trends over time Column Chart Bar Chart Line Chart O Pie Chart QUESTION 9 Adding 3-D effects to charts can enhance the look of the chart and make the data easier to interpret. True False QUESTION 10 You have built a column chart that shows rainfall amounts for various cities, You want to make sure that people know that the values are in inches rather than centimeters. What could you add to your chart to make the units clear? Chart title Gridlines Legend O value axis title

Explanation / Answer

Q. 7) 1%

As it is given in the question that

P = 0.01

M = 60

T = 16000

Therefore from the formula of APR = 1.0932 %

Q.8) Line chart.

Line chart is mainly used to show trend overtime. It helps to understand the performance of the overall process.

Q.9) False.

From various studies it showed that 3D charts is much difficult to read or intrepret data. It may enhance the look but is surely much difficult to read the presented data.

Q.10) Value axis title.

Value axis title in Excel spreadsheet is ideal for detailing the data unit as the axis title can be put in down.

Hope this helps :)

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