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Author Question: When making a partial payment before the maturity date, the U.S. Rule states: (Read 81 times)

SAVANNAHHOOPER23

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on: Feb 26, 2020
When making a partial payment before the maturity date, the U.S. Rule states:
◦ any partial loan payment first covers any interest that has accumulated
◦ any partial loan payment first reduces the adjusted principal
◦ any partial loan payment first reduces the principal
◦ any partial loan payment is applied equally to principal and interest
Business Math ¦ Cleaves, Hobbs, Noble ¦ 11th Edition
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Marked as best answer by SAVANNAHHOOPER23 on Feb 26, 2020

frejo

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Reply #1 on: Feb 26, 2020
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.
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SAVANNAHHOOPER23

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Reply 2 on: Feb 26, 2020
Excellent

abro1885

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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