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

Author Question: You sign a contract to pay back all of the interest and principal of a loan at the maturity date. ... (Read 106 times)

NguyenJ

  • Hero Member
  • *****
  • Posts: 516
on: Jul 10, 2018
You sign a contract to pay back all of the interest and principal of a loan at the maturity date. This is an example of an interest-only loan.
 
  Indicate whether the statement is true or false.

Question 2

Julian was given a gold coin originally purchased for 1 by his great grandfather 50 years ago. Today the coin is worth 450. The rate of return realized on the sale of this coin is approximately equal to:
 
  A) 7.5
  B) 13
  C) 50
  D) 10
  E) 15


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

briseldagonzales

  • Sr. Member
  • ****
  • Posts: 303
Reply #1 on: Jul 10, 2018
Answer to Question 1

Answer: FALSE
Explanation: This is an example of a discount loan.

Answer to Question 2

B


NguyenJ

  • Member
  • Posts: 516
Reply 2 on: Jul 10, 2018
Thanks for the timely response, appreciate it

sultansheikh

  • Member
  • Posts: 335
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

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.

Percussion for Ascites: Puddle Sign Percussion for Ascites: Puddle Sign
Muscles of Head and Neck Back Muscles of Head and Neck Back
Internal structures at the back of the eye. Internal structures at the back of the eye.
Apply direct pressure to points on low back. Press into paraspinal muscles from the side. Move spot ... Apply direct pressure to points on low back. Press into paraspinal muscles from the side. Move spot ...
Hot stones used to massage the back Hot stones used to massage the back
AAC, Inc. is planning to issue $5,000,000 in 180-day maturity notes paying a rate of 12 percent ... AAC, Inc. is planning to issue $5,000,000 in 180-day maturity notes paying a rate of 12 percent ...
Video: Mendel's Pea Experiment

For a complete list of videos, visit our video library