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

Author Question: You sign a contract to pay back all of the interest and principal of a loan at the maturity date. ... (Read 40 times)

NguyenJ

  • Hero Member
  • *****
  • Posts: 516
You sign a contract to pay back all of the interest and principal of a loan at the maturity date. This is an example of an interest-only loan.
 
  Indicate whether the statement is true or false.

Question 2

Julian was given a gold coin originally purchased for 1 by his great grandfather 50 years ago. Today the coin is worth 450. The rate of return realized on the sale of this coin is approximately equal to:
 
  A) 7.5
  B) 13
  C) 50
  D) 10
  E) 15



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

briseldagonzales

  • Sr. Member
  • ****
  • Posts: 303
Answer to Question 1

Answer: FALSE
Explanation: This is an example of a discount loan.

Answer to Question 2

B




NguyenJ

  • Member
  • Posts: 516
Reply 2 on: Jul 10, 2018
Thanks for the timely response, appreciate it


ktidd

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

For a complete list of videos, visit our video library