To Create a Scenario,one Should Click on the Series: Data

question 21

True/False

To create a scenario,one should click on the series: Data tab > Data tools > What-If Analysis > Scenario Manager > Add button > Enter details in the boxes in Edit Scenario dialog box> OK > Close button.

---

Definitions:

Nominal Rate

The Nominal Rate is the interest rate stated on a loan or financial product, not taking into account inflation or other factors that could affect the real value of the interest.

Premium

An amount paid in excess of a standard price or value, often related to insurance policies, bonds above par, or quality products.

Annual Amortization

The process of spreading out a loan or intangible asset cost over a specific period of time for accounting and tax purposes.

Interest Expense

The cost incurred by an entity for borrowed funds over a specified period of time.