This topic contains a solution. Click here to go to the answer

Author Question: When a lender calculates the payments on a loan so that each payment is the same, it is called A) an ... (Read 126 times)

sarasara

  • Hero Member
  • *****
  • Posts: 521
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
Answer to Question 1

C

Answer to Question 2

A





 

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

For a complete list of videos, visit our video library