Accounting 2101 Quiz 14 Time Value Of Money 11 Correctly Answered Questions Latest Update

Payments on an installment loan: -Every payment is partially principal and partially interest -Every payment is 100% principal -Every payment is 100% interest -Some payments are principal and some are interest {Ans: Every payment is partially principal and partially interest}What number can I multiply something by without changing it {Ans: 1}Does a balance sheet work with present value concepts? -Yes -No {Ans: No}If I multiply one side of an equality by ten, to maintain the equality, what do I have to do to the other side (3 words)? {Ans: multiply by ten}The Indians would need to earn about 10% compounded to have made a good deal on the sale of Manhattan -True -False {Ans: False}The Excel function which calculates the rate of return which makes a series of cash flows equals zero is called {Ans: IRR}