_________ is the amount added to the principal by the lender.
A. Nominal value
B. Installment
C. Interest
D. Intrinsic value
Fill in the blank(s) with the appropriate word(s).
Interest
Rationale: Interest is the amount added to the principal by the lender. One of the benefits of using Excel is that you can have Excel calculate the interest rate per period (the rate argument) and the number of payments or payment periods (the nper argument). See 14-5: Working with the PMT Financial Function
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Answer the following statement true (T) or false (F)
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