Matching
Match each of the following terms to its best description of its function in a loan:
Premises:
Amortization Table
CUMPRINC
CUMIPMT
IPMT
PPMT
Responses:
Periodic interest at a point in time of a loan
The total amount of principal paid on a loan at a point in time
Principal paid on a loan at a point in time
The total amount of interest paid on a loan at a point in time
Visually organize the payments in a loan
Correct Answer:
Premises:
Responses:
Amortization Table
CUMPRINC
CUMIPMT
IPMT
PPMT
Premises:
Amortization Table
CUMPRINC
CUMIPMT
IPMT
PPMT
Responses:
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