Describe what an amortization schedule is and its uses

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Reference no: EM131603345

1) Explain whether you would you rather have a savings account that paid interest compounded on a monthly basis or compounded on an annual basis? Why?

2) Describe what an amortization schedule is and its uses. Explain the purpose of an amortization schedule.

3) Interest on a home mortgage is tax deductible. Explain why interest paid in the early years of a home mortgage is more helpful in reducing taxes than interest paid in later years.

4) Explain the difference between an ordinary annuity and an annuity due.

Reference no: EM131603345

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