Solved

Match the Following Terms with the Corresponding Description

Question 100

Matching

Match the following terms with the corresponding description.

Premises:
FV
NPER
IPMT
PPMT
CUMIPMT
Responses:
Use this function to calculate the future value
Use this function to calculate the total interest paid on a mortgage
Use this function to calculate the number of periods in a loan
Use this function to calculate the interest of the first payment of an autoloan
Use this function to calculate the amount of principle paid on the first payment of a car loan

Correct Answer:

FV
NPER
IPMT
PPMT
CUMIPMT
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