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 127 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?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Bay (left) and chestnut (sometimes called "sorrel") are two of the most common coat colors Bay (left) and chestnut (sometimes called "sorrel") are two of the most common coat colors
When the United States gets stuck over a controversial issue—usually something a divided Congress ca When the United States gets stuck over a controversial issue—usually something a divided Congress ca
Some ignition coils are electrically connected, called married (top figure), whereas others use ... Some ignition coils are electrically connected, called married (top figure), whereas others use ...
A square matrix P is called a permutation matrix if each row and column of P contains exactly ... A square matrix P is called a permutation matrix if each row and column of P contains exactly ...
Debt payments of $1610.00 due today, $725.00 due in 101 days and $670.00 due in 296 days ... Debt payments of $1610.00 due today, $725.00 due in 101 days and $670.00 due in 296 days ...
Video: Evolutionary tree of life Animation

For a complete list of videos, visit our video library