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

Author Question: In general, with an amortized loan, the payment amount remains constant over the life of the loan, ... (Read 140 times)

RODY.ELKHALIL

  • Hero Member
  • *****
  • Posts: 591
on: Jul 10, 2018
In general, with an amortized loan, the payment amount remains constant over the life of the loan, the principal portion of each payment grows over the life of the loan, and the interest portion of each payment declines over the life of the loan.
 
  Indicate whether the statement is true or false

Question 2

In general, with an amortized loan, the payment amount remains constant over the life of the loan, both the principal portion of and the interest portion declines over the life of the loan.
 
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Tonyam972

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jul 10, 2018
Answer to Question 1

TRUE

Answer to Question 2

FALSE


RODY.ELKHALIL

  • Member
  • Posts: 591
Reply 2 on: Jul 10, 2018
Excellent

aruss1303

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

The seed-to-seed life of flowering plants. The seed-to-seed life of flowering plants.
A team of forensic experts working on remains recovered from Ovcara in the former Yugoslavia. A team of forensic experts working on remains recovered from Ovcara in the former Yugoslavia.
Fern life cycle Fern life cycle
According to this Democratic cartoon, the only qualification of General Zachary Taylor, the Whig can According to this Democratic cartoon, the only qualification of General Zachary Taylor, the Whig can
Anna Vallayer-Coster, Still Life with Lobster. Anna Vallayer-Coster, Still Life with Lobster.
The General Process of Sensation The General Process of Sensation
Video: Transcription—A molecular view

For a complete list of videos, visit our video library