3.3: AMORTIZATION Complete Questions With All Correct Answers.
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Course
AMORTIZATION
Institution
AMORTIZATION
Original loan is a - correct answer PVA
The PVA - correct answer is the amount the bank is willing to "give" me in exchange for my stream of future payments.
Loan amortization schedule is useful for... - correct answer ...
The PVA - correct answer is the amount the bank is willing to "give" me in exchange
for my stream of future payments.
Loan amortization schedule is useful for... - correct answer Telling how much of
each payment is principal and how much is interest.
Depreciation - correct answer Spreads a TANGIBLE ASSET'S cost over its useful life.
Amortization - correct answer Spreads an INTANGIBLE ASSET'S cost over its useful
life
Depletion - correct answer Spreads the costs of NATURAL RESOURCES until they are
exhausted.
Steps for cerating an AMORTIZATION SCHEDULE. - correct answer 1. Determine
BEGINNING BALANCE
2. Determine the MONTHLY TOTAL PAYMENT. (PMTa)
3. Determine the MONTHLY INTEREST PAYMENT.
4. Determine the MONTHLY PRINCIPAL PAYMENT.
5. Determine ENDING BALANCE.
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