Write T if the answer is TRUE; F if the answer is FALSE.

Write T if it's correct and F for false, if not in the example below.

 

5) In the example shown below, cell B2 uses an Excel formula. 1 Loan Term 2 Interest Rate 3 Initial Value 4 Payment 12 Months 0.05 per Year 10000 PMTIB2/12,81,83) 6 Month 7 lanuary february 9 March 10 April Interest Charged 83*82/12 Payment S854 New Balance 83+87-C7 07*S852/12 -D8*Sa$2/12 09*S852/12 SBS4 -D8+9 C9 5854 D9+B10-C10 11 May 010 SOS2/12 D10+811-C1 12 June 011 S8S2/12 SBS4 -SBS4 D11+012 C12 13 y 14 August 012 S8$2/12 D12+813-C13 013 Sa$2/12 014*S852/12 S854 013+814-C14 25 September S8S4 014+815-C15 D15 Sas/12 D16"S852/12 16 October D1S+B16-C16 17 November SBS4 D16+B17-C17 18 December 017*Sas2/12 S854 017+818-C18 19