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

Author Question: You sign a contract to pay back all of the interest and principal of a loan at the maturity date. ... (Read 119 times)

NguyenJ

  • Hero Member
  • *****
  • Posts: 516
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


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
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

  • Member
  • Posts: 516
Reply 2 on: Jul 10, 2018
:D TYSM

adf223

  • Member
  • Posts: 304
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Muscles of Head and Neck Back Muscles of Head and Neck Back
cullens sign cullens sign
Good body mechanics for sitting on chair while performing massage. A. Sit with back and head in ... Good body mechanics for sitting on chair while performing massage. A. Sit with back and head in ...
Prepare upper back for hot application. Undrape upper back. Check tissues visually and through ... Prepare upper back for hot application. Undrape upper back. Check tissues visually and through ...
Nick buys a $25 000, 5.4% bond with quarterly interest coupons, 3 years before maturity, to ... Nick buys a $25 000, 5.4% bond with quarterly interest coupons, 3 years before maturity, to ...
After 159 days,she paid a maturity value of $11,626, which included interest of $814. After 159 days,she paid a maturity value of $11,626, which included interest of $814.
Video: Introduction to Photolithography - WC, BLF, PA, Hard and Soft baking

For a complete list of videos, visit our video library