How Does the Amortization Schedule for an Installment Note Such

question 94

Multiple Choice

How does the amortization schedule for an installment note such as a car loan differ from an amortization schedule for bonds?

• A)The final carrying value is zero in an amortization schedule for an installment note.
• B)The final carrying value is zero in an amortization schedule for bonds.
• C)The final carrying value is zero in both amortization schedules.

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