Solved

Match the Items Below by Entering the Appropriate Code Letter

Question 186

Matching

Match the items below by entering the appropriate code letter in the space provided:

Premises:
____ interest is used most in business transactions
Determining an asset's value in use requires the application of ____
Amount borrowed
If the bond's contractual rate is less than the market, it will be sold at a ___
The future value of an instalment note payable
A payment made up of both principal and interest
Interest calculated on the principal only
If the bond's contractual rate is greater than the market, it will be sold at a ___
Responses:
Premium
Simple
Principal
Blended
Compound
Zero
Present value
Discount

Correct Answer:

____ interest is used most in business transactions
Determining an asset's value in use requires the application of ____
Amount borrowed
If the bond's contractual rate is less than the market, it will be sold at a ___
The future value of an instalment note payable
A payment made up of both principal and interest
Interest calculated on the principal only
If the bond's contractual rate is greater than the market, it will be sold at a ___
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