The time value concept/calculation used in amortizing a loan is
A. future value of a dollar.
B. future value of an annuity.
C. present value of a dollar.
D. present value of an annuity.
Answer:D
The time value concept/calculation used in amortizing a loan is
A. future value of a dollar. B. future value of an annuity. C. present value of a dollar. D. present value of an annuity.