Which of the Following Is NOT True Regarding the Total

question 38

Multiple Choice

Which of the following is NOT true regarding the total payment in an equal payment amortization table?

• A)The total payment for any period is equal to the principal plus interest payments for that same period.
• B)The total payment is calculated using the present value of an annuity formula rearranged to solve for the payment.
• C)The final total payment will be greater than the beginning principal for the final period,assuming a positive interest rate.
• D)All of the above are true.

---

Definitions:

Administrative Agencies

Governmental bodies responsible for the oversight and administration of specific functions, such as regulation and enforcement of laws within certain industries.

Specific Performance

A legal remedy requiring a party to perform their obligations under a contract, typically used in real estate transactions.

Adversarial System

A legal system where two opposing parties present their cases to an impartial judge or jury, who decides on the matter.

Justice

The principle of fairness and moral righteousness that seeks to ensure that individuals receive what they are due, both in law and equity.