When solving time value of money problems using Excel,the type = 0 variable means payments are made at the end of each period,and the type = 1 variable means payments are made at the beginning of each period.

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This is correct. The type = 0 variable represents payments made at the end of each period, while the type = 1 variable represents payments made at the beginning of each period.

When Solving Time Value of Money Problems Using Excel,the Type