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Author Question: A $100,000 loan is to be amortized over6years, with annual end-of-year payments. Which of these ... (Read 347 times)

jacob816

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on: Aug 7, 2023
A $100,000 loan is to be amortized over6years, with annual end-of-year payments. Which of these statements is correct?

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The annual payments would belessif the interest rate werehigher.


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The proportion of each payment that represents interest as opposed to repayment of principal would be higher if the interest rate were higher.


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If the loan were amortized over 8 years rather than 6 years, and if the interest rate were the same in either case, the first payment would include fewer dollars of interest under the 6-year amortization plan.


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The last payment would have asmallerproportion ofprincipalthan the first payment.

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Marked as best answer by jacob816 on Aug 7, 2023

H.cope00

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Reply #1 on: Aug 7, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jacob816

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Reply 2 on: Aug 7, 2023
Thanks for the timely response, appreciate it

isabelt_18

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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