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

Author Question: When a lender calculates the payments on a loan so that each payment is the same, it is called A) an ... (Read 141 times)

sarasara

  • Hero Member
  • *****
  • Posts: 521
on: Jun 24, 2018
When a lender calculates the payments on a loan so that each payment is the same, it is called
 A) an equal payment plan
  B) a balanced payment plan
  C) a level payment plan
  D) a repayment plan

Question 2

Which of the following is NOT a method of calculating simple interest?
 A) multiplying the principal by the interest rate
  B) computers of specially programmed calculators
  C) simple interest tables
  D) daily interest factor


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lkoler

  • Sr. Member
  • ****
  • Posts: 358
Reply #1 on: Jun 24, 2018
Answer to Question 1

C

Answer to Question 2

A


sarasara

  • Hero Member
  • *****
  • Posts: 521
Reply #2 on: Jun 24, 2018
Thank you :)


lkoler

  • Sr. Member
  • ****
  • Posts: 358
Reply #3 on: Jun 24, 2018
Happy to help you


« previous next »
 

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

The injector on-time is called the pulse width. The injector on-time is called the pulse width.
How to choose the right payment plan with changing conditions (Question 3) How to choose the right payment plan with changing conditions (Question 3)
Corbel Vault, Interior of Tholos, The So-called Treasury of Atreus Corbel Vault, Interior of Tholos, The So-called Treasury of Atreus
Nader makes semi-annual payments of $3000 to pay off his loan. Because of unemployment, he ... Nader makes semi-annual payments of $3000 to pay off his loan. Because of unemployment, he ...
No payments were made on a $2,598 loan during its three-year term. What was the annually ... No payments were made on a $2,598 loan during its three-year term. What was the annually ...
Video: Nucleic acid digestion -small intestine

For a complete list of videos, visit our video library