If you borrow $100,000 at an annual rate of 8.00% for a 10-year period and repay the total amount of principal and interest due of $215,892.50 at the end of 10 years, what type of loan did you have?
A) Amortized loan
B) Interest-only loan
C) Discount loan
D) Compound loan
Answer: C
Business
You might also like to view...
Freud's theory of personality includes the ________
A) super ego B) ego C) id D) all of the above
Business
Writers should be careful when using a slash because it is likely that their readers ________________
a. will not acknowledge the slash b. might ignore the slash c. might not know the meaning of a slash d. might disregard the slash
Business
The ________ calculates the earliest times that activities can start or finish.
Fill in the blank(s) with the appropriate word(s).
Business
Rebates are refunds paid to consumers after a purchase.
Answer the following statement true (T) or false (F)
Business