PowerPoint includes a dedicated Notes Page view, plus two Master views for changing multiple slides in a presentation.

Identify the correct formula to calculate the cumulative principal paid on a mortgage loan for the second year of the loan (periods 1-12, where rate =5%, nper =120, present value = $147,000

A) =CUMIPMT(.05/12, 120*12, 147000,12,1,0) B) =CUMIPMT(.05/12, 120*12,-147000,1,12,0) C) =ABS(CUMIPMT(.05/12, 120,-147000,12,1,0)) D) =(ABS(CUMIPMT(.05/12, 120, 147000,1,12,0))

Which of the following statements is false?

a. Storage of data variables and arrays is temporary. b. Data is lost when a local variable “goes out of scope.” c. Files are used for long-term retention of large amounts of data. d. Data maintained in files is often called transient data.