1. When filling in your amortization and sinking fund schedules, you still need to check if the compound frequency equals the payment frequency.

   True

   False

1. Which of the following last payments in an amortization table is correct. For this question, i = 0.02.

   Payment #	Payment Amount	Interest Amount	Principal Amount	Balance
   2nd Last Payment	$200.00			$195.57
   Last Payment	$200.00	$3.91	$196.09	$-0.52

   Payment #	Payment Amount	Interest Amount	Principal Amount	Balance
   2nd Last Payment	$200.00			$195.57
   Last Payment	$199.58	$3.91	$195.57	$0.00

   Payment #	Payment Amount	Interest Amount	Principal Amount	Balance
   2nd Last Payment	$200.00			$195.57
   Last Payment	$200.00	$3.91	$195.57	$0.00

1. When calculating your payment for different schedules, what types of problems are related to the Amortization Schedules and Sinking Fund Schedules?

   		Amortization Schedule: Present Value Sinking Fund Schedule: Future Value
   		Amortization Schedule: Future Value Sinking Fund Schedule: Present Value
   		Amortization Schedule: Present Value Sinking Fund Schedule: Present Value
   		Amortization Schedule: Future Value Sinking Fund Schedule: Future Value