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Author Question: Cash flow changes in net worth can be positive or negative. Indicate whether the statement is ... (Read 58 times)

rachel9

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on: Jul 11, 2018
Cash flow changes in net worth can be positive or negative.
 
  Indicate whether the statement is true or false

Question 2

Under the simple interest method
 
  A)
 
  the APR is applied to the outstanding balance on the loan.
  B)
 
  interest is deducted from the credit extended at the beginning of the loan.
  C)
 
  interest is added to the credit extended at the beginning of the loan.
  D)
 
  interest is a simple percentage of the initial amount borrowed.


scottmt

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Reply #1 on: Jul 11, 2018
Answer to Question 1

TRUE

Answer to Question 2

A


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