This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The payoff of a debt over a period of time, usually in equal payments, with a portion of each ... (Read 78 times)

rl

  • Hero Member
  • *****
  • Posts: 579
on: Aug 3, 2018
The payoff of a debt over a period of time, usually in equal payments, with a portion of each payment paying off interest and a portion paying off principal is called:
 
  a. Amortization
  b. Declining balance
  c. Equity balance
  d. Capital consolidation

Question 2

The amount of money paid by a borrower for the use of the borrowed funds:
 
  a. Interest
  b. Amortization
  c. Principal
  d. Equity


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ASDFGJLO

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Aug 3, 2018
Answer to Question 1

A

Answer to Question 2

A


rl

  • Member
  • Posts: 579
Reply 2 on: Aug 3, 2018
Thanks for the timely response, appreciate it

kalskdjl1212

  • Member
  • Posts: 353
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Running time on 100-meter sprint for men and women master athletes increases with age. Source: Korho Running time on 100-meter sprint for men and women master athletes increases with age. Source: Korho
The Events of the Germinal Period The Events of the Germinal Period
Night Attack on the Sanjo Palace (detail), from the Scrolls of Events of the Heiji Period. Night Attack on the Sanjo Palace (detail), from the Scrolls of Events of the Heiji Period.
Observed Mother–Child Arguments at Five Time Points Over an Eight-Year Period Observed Mother–Child Arguments at Five Time Points Over an Eight-Year Period
Embryonic Period Embryonic Period
Embryonic Period Embryonic Period
Video: A timeline of the teeth (Explained - No Audio)

For a complete list of videos, visit our video library