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

Author Question: If you double the principal repayment called for on your car loan each month without doubling the ... (Read 94 times)

shenderson6

  • Hero Member
  • *****
  • Posts: 573
on: Apr 14, 2019

If you double the principal repayment called for on your car loan each month without doubling the interest payment, you will


◦ reduce the term of the loan by half.
◦ reduce the amount of interest you pay by about 30%.
◦ not have much effect since you are not also doubling the interest paid monthly.
◦ Both reduce the term of the loan by half and reduce the amount of interest you pay by about 30% are correct.
Personal Finance ¦ Madura ¦ 6th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by shenderson6 on Apr 14, 2019

apple

  • Sr. Member
  • ****
  • Posts: 352
Reply #1 on: Apr 14, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


shenderson6

  • Member
  • Posts: 573
Reply 2 on: Apr 14, 2019
Thanks for the timely response, appreciate it

lcapri7

  • Member
  • Posts: 350
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

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?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Mechanism of transport by a transporter, also called a carrier. Mechanism of transport by a transporter, also called a carrier.
Dish from Ecuador called "Cuy" Dish from Ecuador called "Cuy"
Double-label fluorescence microscopy can visualize the relative distributions of Double-label fluorescence microscopy can visualize the relative distributions of
Colon with diverticulosis. An inflamed or infected diverticulum is called diverticulitis. Colon with diverticulosis. An inflamed or infected diverticulum is called diverticulitis.
7-month-old Leslie —an example of cross-modal transfer 7-month-old Leslie —an example of cross-modal transfer
What is the discounted value of deposits of $150.00 made at the end of each month for fourteen ... What is the discounted value of deposits of $150.00 made at the end of each month for fourteen ...
Video: Coronary Heart Disease

For a complete list of videos, visit our video library