The Formula =PMT(0.03/12,12*3,15000,-2000) Includes a ____

question 92

Multiple Choice

The formula =PMT(0.03/12,12*3,15000,-2000) includes a ____.

• A) balloon payment
• B) depreciation factor
• C) down payment
• D) none of the above

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Definitions:

GAAP

Generally Accepted Accounting Principles, a framework of accounting standards, principles, and procedures used in the United States.

Income Statement Information

Income Statement Information includes the revenues, expenses, and profits or losses of a company over a specified period, depicting its financial performance.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, typically a fiscal quarter or year, resulting in a net profit or loss.

Profitability

The degree to which a business or activity yields profit or financial gain, measured by the ability to generate income greater than the related expenses.