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 115 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
Wow, this really help

okolip

  • Member
  • Posts: 362
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

(a) Chicken pox vesicles. (b) Chicken pox on back of young patient. (a) Chicken pox vesicles. (b) Chicken pox on back of young patient.
Secure drape under hip and top arm, and undrape back; stand in back at waist facing head. Apply ... Secure drape under hip and top arm, and undrape back; stand in back at waist facing head. Apply ...
How to calculate simple interest (Part 4; P = I/rt) How to calculate simple interest (Part 4; P = I/rt)
A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ... A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ...
A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ... A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ...
A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ... A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ...
Video: Optic Nerve and Optic Disk Animation (Part 2 of 2)

For a complete list of videos, visit our video library