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iamreal? iamreal?
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6 years ago
Why is Excel an efficient tool to use for calculation intensive applications such as creating an amortization schedule for a mortgage?
 A) Formulas can be entered once and quickly copied to multiple cells.
  B) Once a spreadsheet is created it can be used as a template for different loan amounts.
  C) A large number of cells can be formatted at once for easy readability.
  D) All of the above

Q. 2

Fay and James purchased a living room set on installment with a 325 down payment and an installment price of 3,257. If Fay and James paid 36 equal installments, how much was each payment?
 A) 90.47
  B) 81.44
  C) 77.49
  D) 73.47

Q. 3

Mr. Sanchez bought a tool set for 12 monthly payments of 45.78 each and a total finance charge of 62.89 He paid the tool set off 4 months early. What is the final payment?
 A) 222.53
  B) 243.50
  C) 251.56
  D) 377.34

Q. 4

Becky bought a big screen TV on installment in 24 months and paid off the loan 4 months early. If Becky agreed to pay 210 in finance charges, what is the interest refund?
 A) 70.00
  B) 36.20
  C) 25.20
  D) 7.00
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ErnestoSihombinErnestoSihombin
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6 years ago
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iamreal? Author
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6 years ago
Thanks
dri
wrote...

Yesterday
Thanks for your help!!
my2redeyes
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2 hours ago
You make an excellent tutor!
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