Microsoft
MB3-701 · Question #16
A customer makes a large purchase that they will repay monthly. You must set up the repayment to calculate 10% compounded interest automatically. What should you do?
The correct answer is C. Set up a scheduled payment. See the full explanation below for the reasoning.
Question
A customer makes a large purchase that they will repay monthly. You must set up the repayment to calculate 10% compounded interest automatically. What should you do?
Options
- ASet up a recurring receivables batch.
- BSet up a Quick Journal entry.
- CSet up a scheduled payment.
- DCreate a transaction each time that a payment is made.
How the community answered
(45 responses)- A7% (3)
- B9% (4)
- C82% (37)
- D2% (1)
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