This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Once you begin making payments on an amortization schedule for a loan such as a mortgage or car ... (Read 77 times)

dejastew

  • Hero Member
  • *****
  • Posts: 562
on: Jul 10, 2018
Once you begin making payments on an amortization schedule for a loan such as a mortgage or car loan, most contracts clearly state that you may NOT pay off the loan early.
 
  Indicate whether the statement is true or false.

Question 2

The law of one price suggests that all of the following will have the same price in different
  countries EXCEPT
 
  A) fresh vegetables. B) grain.
  C) silver. D) oil.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tsternbergh47

  • Sr. Member
  • ****
  • Posts: 311
Reply #1 on: Jul 10, 2018
Answer to Question 1

Answer: FALSE
Explanation: Most contracts allow you to pay early; however, there may be a prepayment penalty.

Answer to Question 2

A


dejastew

  • Member
  • Posts: 562
Reply 2 on: Jul 10, 2018
Great answer, keep it coming :)

mjenn52

  • Member
  • Posts: 351
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Some uses of recombinant DNA technology for making improved vaccines Some uses of recombinant DNA technology for making improved vaccines
This graphic illustrates the original systems model of politics advanced by David Easton. Politics This graphic illustrates the original systems model of politics advanced by David Easton. Politics
Fluoride Supplement Dosage Schedule Fluoride Supplement Dosage Schedule
Communication: Making Connections, 11th Communication: Making Connections, 11th
Find the equivalent replacement payments for the following scheduled payment. Find the equivalent replacement payments for the following scheduled payment.
No payments were made on a $2,598 loan during its three-year term. What was the annually ... No payments were made on a $2,598 loan during its three-year term. What was the annually ...
Video: Summation - defined, spatial, temporal & AP generation or not

For a complete list of videos, visit our video library