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 not zero in either amortization schedule.
B) The final carrying value is zero in an amortization schedule for bonds.
C) The final carrying value is zero in both amortization schedules.
D) The final carrying value is zero in an amortization schedule for an installment note.
Answer: D
1 comments:
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