× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
e
5
R
5
e
4
4
d
4
o
3
p
3
t
3
3
m
3
p
3
m
3
Home Q & A Board Science-Related Homework Help Computer Studies
New Topic  
Stones McGee Stones McGee
wrote...
Posts: 344
Rep: 22 0
5 years ago
Identify the correct formula to calculate the cumulative interest paid on a mortgage loan for the second year of the loan (periods 13-24, where rate is 9%, nper is 5, and present value is $250,000.
A) =CUMIPMT(.09/12, 5*12, 250000,24,13,0)
B) =CUMIPMT(.09*12, 30/12,-250000,13,24,0)
C) =CUMIPMT(.09/12, 30/12,-250000,24,13,0)
D) =-CUMIPMT(.09/12, 5*12, 250000,13,24,0)
Read 55 times
3 Replies

Related Topics

Replies
wrote...
#1
5 years ago
 D
Stones M. Author
wrote...
#2
5 years ago
Commenting just to show my support for informative posts like this, keep it up 10/10
wrote...
#3
5 years ago
That helps more than you thinks, thanks for being so thoughtful
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  988 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 118
  
 1163
  
 322
Your Opinion
What percentage of nature vs. nurture dictates human intelligence?
Votes: 432
Previous poll results: Should Ph.D.'s be addressed as doctors?