INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.
-If you want to calculate whether to take the rebate or the low interest rate on an auto financing deal,it would be most useful to have [time value of money tables | a financial calculator].
A)for the first item
B)for the second item
C)if neither item will correctly complete the statement.

Question

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. 
-If you want to calculate whether to take the rebate or the low interest rate on an auto financing deal,it would be most useful to have [time value of money tables | a financial calculator].
A)for the first item
B)for the second item
C)if neither item will correctly complete the statement.

Quizplus · Accepted Answer

The calculation of whether to take the rebate or the low interest rate on an auto financing deal requires the use of present value calculations, which can be easily done using a financial calculator. While time value of money tables could be used, a financial calculator would provide more accurate results and be more efficient. Therefore, a financial calculator would be the most useful tool to have in this scenario.

INSTRUCTIONS: Choose the Word or Phrase in [ ] Which