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 109 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?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Animals of Hindustan monkeys called bandar that can be taught to do tricks Animals of Hindustan monkeys called bandar that can be taught to do tricks
Angioplasty. One form is called balloon angioplasty, shown here. A balloon catheter is threaded into Angioplasty. One form is called balloon angioplasty, shown here. A balloon catheter is threaded into
Electrocardiography. (a) Electrodes are placed on the patient’s chest to record the electrical event Electrocardiography. (a) Electrodes are placed on the patient’s chest to record the electrical event
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
How to calculate monthly payments at varying amortization periods (Question 3) How to calculate monthly payments at varying amortization periods (Question 3)
Different forms of a gene are called alleles Different forms of a gene are called alleles
Video: Membrane Protein and Facilitated Transport (Passive Vs Active)

For a complete list of videos, visit our video library