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

Author Question: A $100,000 loan is to be amortized over6years, with annual end-of-year payments. Which of these ... (Read 379 times)

jacob816

  • Full Member
  • ***
  • Posts: 151
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?

◦

The annual payments would belessif the interest rate werehigher.


◦

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


◦

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.


◦

The last payment would have asmallerproportion ofprincipalthan the first payment.

Financial Management: Theory and Practice ¦ Brigham, Ehrhardt, Gessaroli, Nason ¦ 4th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by jacob816 on Aug 7, 2023

H.cope00

  • Full Member
  • ***
  • Posts: 172
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.
Answer Preview
Only 25% of students answer this correctly


jacob816

  • Member
  • Posts: 151
Reply 2 on: Aug 7, 2023
Great answer, keep it coming :)

skipfourms123

  • Member
  • Posts: 343
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Annual Water Use in the United States Annual Water Use in the United States
The Kingsley plantation, on Fort George Island in Jacksonville, Florida. Zephaniah Kingsley, the own The Kingsley plantation, on Fort George Island in Jacksonville, Florida. Zephaniah Kingsley, the own
How to calculate monthly payments at varying amortization periods (Question 2) How to calculate monthly payments at varying amortization periods (Question 2)
Portrait of Typical 12-year-old Boy and Girl, 1981 and 2007-2009 Portrait of Typical 12-year-old Boy and Girl, 1981 and 2007-2009
Annual Energy Flow: Silver Springs Annual Energy Flow: Silver Springs
New year kid drawing New year kid drawing
Video: Neural Reflex Arc Animation

For a complete list of videos, visit our video library