Which of the following is NOT true with regard to an amortization table?
A) The interest payment for a period is equal to the periodic interest rate multiplied by the beginning-of-the-period principal balance.
B) The remaining principal balance at the end of a payment period is equal to the beginning-of-the-period principal less the total payment.
C) The total payment is calculated by using the present value of an annuity formula.
D) All of the above are true.
Answer: B
Explanation: B) The remaining principal balance at the end of a payment period is equal to the beginning of the period principal less the principal payment.
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