Question

Please Select ALL the True Statement

For fixed-rate fully amortized mortgage loans, less of the fixed payment goes towards principal as we approach the end of the loan term

With simple interest, interest is earned every period only on the original starting amount

As a financial modeler, we consider cash and marketable securities a part of the Current assets, operational

Accounts receivables represent short-term loans extended to the customers by the corporation

Answer 1

Correct statements are as follows-

(B)with simple interest, interest is earned every period only on the original starting amount. This is because it does not take effect of compounding.

(C) Cash and marketable securities are always considered the part of current assets so the given statement is true.

(D) Account receivables present short term loans which are extended to the customers by the Corporation.