Question
Question 5 (3 points) The total value of all of your mortgage payments is a present...
Question 5 (3 points) The total value of all of your mortgage payments is a present value True False Question 6 (5 points) All things being equal you can calculate the future value of money through the following equation() Time/Interest * number of compounding periods Interest/compounding periods Time O Principal Interest/compounding period Time all of the above
Answers
The total value of all your mortgage value is not your present value. The present value is the current value of an amount of money or statement that you will get in the future. The above statement is false.
Pincipal * interest / Compounding period * time is the correct formula as it can be derived from the compound interest formula.
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