1) What type of annuity is a Sinking fund? 2) Maturity value is equal to principle plus interest when considering a Promissory Note? a. True b. False 3) Depreciation expense results in an indirect tax...

1) What type of annuity is a Sinking fund?

2) Maturity value is equal to principle plus interest when considering a Promissory Note?

a.

True

b.

False

3) Depreciation expense results in an indirect tax savings

a. True

b. False

4) The monthly payment is calculated by totaling the finance charge and the amount financed divided by the number of payments of the loan.

a.

True

b.

False