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

Author Question: In general, with an amortized loan, the payment amount remains constant over the life of the loan, ... (Read 237 times)

RODY.ELKHALIL

  • Hero Member
  • *****
  • Posts: 591
on: Jul 10, 2018
In general, with an amortized loan, the payment amount remains constant over the life of the loan, the principal portion of each payment grows over the life of the loan, and the interest portion of each payment declines over the life of the loan.
 
  Indicate whether the statement is true or false

Question 2

In general, with an amortized loan, the payment amount remains constant over the life of the loan, both the principal portion of and the interest portion declines over the life of the loan.
 
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Tonyam972

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jul 10, 2018
Answer to Question 1

TRUE

Answer to Question 2

FALSE


RODY.ELKHALIL

  • Member
  • Posts: 591
Reply 2 on: Jul 10, 2018
Thanks for the timely response, appreciate it

dreamfighter72

  • Member
  • Posts: 355
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

These young adults look forward to a life together as they celebrate their wedding These young adults look forward to a life together as they celebrate their wedding
Stressful Life Events, 5-HTT, and Depression Stressful Life Events, 5-HTT, and Depression
Deliberative nursing is a constant process of validating perceptions, thoughts, and feelings. Deliberative nursing is a constant process of validating perceptions, thoughts, and feelings.
General Mathematics - Finding the Range of a Function General Mathematics - Finding the Range of a Function
Life cycle of the beef tapeworm (Taenia saginata). Life cycle of the beef tapeworm (Taenia saginata).
Three General Protist Life Cycles Three General Protist Life Cycles
Video: Introduction to Sleep Apnea

For a complete list of videos, visit our video library