All of the following statements are TRUE about amortization schedules EXCEPT:
A) All interest and principal paid should equal the sum of all the payments made.
B) The final remaining balance value in your table should be zero.
C) A given periodic payment will equal the sum of the interest payment (IPMT) and the principal payment (PPMT) .
D) The sum of the principal payments (PPMT) will always equal the loan amount. If you add interest it will be the total amount paid over the course of the loan term, both in interest and principal.
Correct Answer:
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Q20: The _ argument in the PMT function
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Q22: The _ method of depreciation calculates depreciation
Q23: The _ method of depreciation that the
Q24: The FV function has two optional arguments.These
Q26: The _ function is used to determine
Q27: The _ function can help businesses determine
Q28: The _ method of depreciation calculates depreciation
Q29: The _ function calculates what an investment
Q30: The SLN function has _ arguments.
A)three
B)four
C)five
D)six
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