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 70 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

tuate

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Jaguar F-type back Jaguar F-type back
Hong Kong is a strange situation. A British colony since 1842, it was handed back to China in 1997 a Hong Kong is a strange situation. A British colony since 1842, it was handed back to China in 1997 a
Tap the head. Apply light fingertip tapotement to the head: top, sides, and back. Tap the head. Apply light fingertip tapotement to the head: top, sides, and back.
Judah & the Lion - Take It All Back 2.0 Judah & the Lion - Take It All Back 2.0
Icant keep calm, today is my due date Icant keep calm, today is my due date
Use a graphical method to find the length of the loan to the nearest year Use a graphical method to find the length of the loan to the nearest year
Video: Photosynthesis overview Animation

For a complete list of videos, visit our video library