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A mortgage broker prepared sample mortgage payment schedules on a personal computer to illustrate different payment plans to prospective loan customers. The schedules were especially helpful for loans with variable rates because the schedules illustrated how loan balances would fluctuate over multi-year horizons with different interest rate trends. The mortgage company's literature was not nearly as helpful, and the broker was convinced the schedules helped customers understand and appreciate the sophisticated loan types, which led to more loans. The potential risk of erroneous logic in the schedules could best be minimized by: B. Designing control procedures for sharing the schedules. C. Requiring adequate documentation for the schedules. D. Adequate independent testing of the application. |