G

#### GwenH

calculator, and got $106,000,000. When I did the same computation in Excel

with this formula:

=3,180,000/3%

I get the same answer. However, when I use a formula that references the

cells containing these same numbers:

=B43/B44 (where B43 contains the number $3,180,000 and B44 contains the

number 3%

Excel gives me $103,246,753.25 as the answer. Why is that? B43 is formatted

as currency with two decimal places, and B44 is formatted as a percentage

with zero decimals. The cell containing the formula (=B43/B44) is formatted

as currency with two decimals.

This calculation is part of a worksheet that will be turned in as part of a

college-level Finance class exam. The exam is due tonight at midnight. HELP!

Thanks,

GwenH