Amortization tables are useful for each of the following reasons EXCEPT ________.
A)determining the principal balance due if the loan is being paid off early
B)determining how much of a total payment is interest and how much is principal for tax purposes
C)determining the regular periodic total payment
D)All of these are useful purposes of an amortization table.

Question

Quizplus · Accepted Answer

Amortization tables are indeed useful for determining the principal balance due if the loan is being paid off early, how much of a total payment is interest versus principal (which is important for tax purposes), and the regular periodic total payment. Therefore, there is no exception listed among the options provided.

Amortization Tables Are Useful for Each of the Following Reasons