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Author Question: You sign a contract to pay back all of the interest and principal of a loan at the maturity date. ... (Read 110 times)

NguyenJ

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on: Jul 10, 2018
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


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briseldagonzales

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Reply #1 on: Jul 10, 2018
Answer to Question 1

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

Answer to Question 2

B


NguyenJ

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Reply 2 on: Jul 10, 2018
Great answer, keep it coming :)

Kedrick2014

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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