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

Author Question: Once you begin making payments on an amortization schedule for a loan such as a mortgage or car ... (Read 38 times)

dejastew

  • Hero Member
  • *****
  • Posts: 562
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tsternbergh47

  • Sr. Member
  • ****
  • Posts: 311
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


dejastew

  • Member
  • Posts: 562
Reply 2 on: Jul 10, 2018
Great answer, keep it coming :)

coreycathey

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Model for evidence-based clinical decision making. Model for evidence-based clinical decision making.
The Making of Black Harlem The Making of Black Harlem
"To begin the pull-back exercise, grasp wrists, then lean back and balance." "To begin the pull-back exercise, grasp wrists, then lean back and balance."
An embedded particle of something was found on one of the gears, making this pump worthless except ... An embedded particle of something was found on one of the gears, making this pump worthless except ...
Replace the canister’s top (making sure it is tight) and connect its hose to the fuel rail ... Replace the canister’s top (making sure it is tight) and connect its hose to the fuel rail ...
No payments were made on a $2,598 loan during its three-year term. What was the annually ... No payments were made on a $2,598 loan during its three-year term. What was the annually ...
Video: Introduction to Spirometry

For a complete list of videos, visit our video library