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Author Question: When a lender calculates the payments on a loan so that each payment is the same, it is called A) an ... (Read 140 times)

sarasara

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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


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lkoler

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Reply #1 on: Jun 24, 2018
Answer to Question 1

C

Answer to Question 2

A


sarasara

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Reply #2 on: Jun 24, 2018
Thank you :)


lkoler

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Reply #3 on: Jun 24, 2018
Happy to help you


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