Solved

Match the Following Terms with the Corresponding Description

Question 46

Matching

Match the following terms with the corresponding description.

Premises:
Loan amortization
IPMT
PPMT
CUMIPMT
CUMPRINC
Responses:
Calculates the cumulative interest throughout a loan amortization table
Calculates the principal payment for a specified payment period on a loan or an investment given a fixed interest rate, term, and periodic payments
Calculates the cumulative principal throughout a loan amortization table
Calculates the periodic interest for a specified payment period on a loan or an investment given a fixed interest rate, term, and periodic payments
A schedule that calculates the interest, principal repayment, and remaining balance

Correct Answer:

Loan amortization
IPMT
PPMT
CUMIPMT
CUMPRINC
Related Questions

Q41: Match the following terms with the corresponding

Q42: Match the following functions with the corresponding

Q43: Match the following terms with the corresponding

Q44: Match the following terms with the corresponding

Q45: Match the following terms with the corresponding

Q47: Match the following terms with the corresponding

Q48: Match the following terms with the corresponding

Q49: Match the following terms with the corresponding

Q50: Match the following terms with their meanings:

Q51: Match the following terms with their meanings:

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents