Author Question: Once you begin making payments on an amortization schedule for a loan such as a mortgage or car ... (Read 44 times)

dejastew · **on:** Jul 10, 2018

Once you begin making payments on an amortization schedule for a loan such as a mortgage or car loan, most contracts clearly state that you may NOT pay off the loan early.

Indicate whether the statement is true or false.

Question 2

The law of one price suggests that all of the following will have the same price in different
countries EXCEPT

A) fresh vegetables. B) grain.
C) silver. D) oil.

tsternbergh47 · **Reply #1 on:** Jul 10, 2018

Answer to Question 1

Answer: FALSE
Explanation: Most contracts allow you to pay early; however, there may be a prepayment penalty.

Answer to Question 2

A