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 122 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?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

The pancreas. This organ sits just below the stomach and is both an exocrine and an endocrine gland. The pancreas. This organ sits just below the stomach and is both an exocrine and an endocrine gland.
Security Tips for Accepting Various Forms of Payment Security Tips for Accepting Various Forms of Payment
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 ...
How to calculate mortgage payments (Question 1 of 2) How to calculate mortgage payments (Question 1 of 2)
Corbel Vault, Interior of Tholos, The So-called Treasury of Atreus Corbel Vault, Interior of Tholos, The So-called Treasury of Atreus
A lesion called a plaque in the brain of an individual with Alzheimer disease. A ring of degeneratin A lesion called a plaque in the brain of an individual with Alzheimer disease. A ring of degeneratin
Video: Cerebral Cortex Animation

For a complete list of videos, visit our video library