MATCHING
Identify the letter of the choice that best matches the phrase or definition.
-Equal to a percentage of principal for each period that the money has been lent
A)NOW
B)PMT function
C)Principal
D)Simple interest
E)fv
F)

Question

MATCHING
Identify the letter of the choice that best matches the phrase or definition.
-Equal to a percentage of principal for each period that the money has been lent
A)NOW
B)PMT function
C)Principal
D)Simple interest
E)fv
F)<
G)F4
H)Absolute references
I)nested
J)mixed
K)Mon,Tues,Wed,Thurs,Fri
L)Median

Quizplus · Accepted Answer

Simple interest is a method of calculating interest that is based on a percentage of the original principal for each period that the money has been lent.

Answer: B
 The PMT function is a financial function in Excel that calculates the periodic payment for a loan or investment. It takes into account the principal, interest rate, and length of the loan or investment.

Answer: C
 The principal is the amount of money that is borrowed or invested, before any interest or fees are added.

Answer: L
 The median is the middle value in a set of numbers. It is often used as a measure of central tendency in statistics.

Note: None of the other choices match the given phrase or definition.

MATCHING Identify the Letter of the Choice That Best Matches the the Phrase