Refm prerequisite ii - Study guides, Class notes & Summaries

REFM Prerequisite II Question and answers verified to pass 2024/2025 REFM Prerequisite II internal rate of return - correct answer the annual rate of return that generates a NPV of zero for a stream of expected (or actual) cash flows; the present value of the expected income exactly equals the present value of the investment what's another way of stating the IRR? - correct answer the "break-even rate" What does the IRR tell you with regard to discounting? - correct answer...

REFM Prerequisite III Question and answers verified to pass 2024/2025 REFM Prerequisite III (what is) amortization - correct answer the repayment schedule for the mortgage loan principal what does principal mean - correct answer the capital amount borrowed another term for interest-only loan - correct answer zero-amortization (bullet) loan how does an interest-only loan work? - correct answer interest is paid on the outstanding principal until the time of the final monthly p...