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Interest Calculation

If a payment includes both principal and interest, correct allocation is important because:

Type: MCQ • Marks: 1
If a payment includes both principal and interest, correct allocation is important because:
Options
A. Future interest may depend on the remaining principal balance
B. It has no financial significance
C. It affects only attendance records
D. It automatically cancels the loan
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UPSC Principal & Vice Principal Management Finance Administration

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