What effect does paying an extra small bit of principal on a mortgage have on the life of a 30 year loan?

A) It has no impact on amount of interest paid but shortens the length of the loan.
B) It increases the amount of interest paid and lengthens the length of the loan.
C) It has no impact on either interest or life span of the loan.
D) It saves money in interest and shortens the length of the loan.


D

Computer Science & Information Technology

You might also like to view...

Specifying a mailto attribute in a link may possibly lead to the email address in the link being used as the target of spam

Indicate whether the statement is true or false

Computer Science & Information Technology

You can open the New dialog box by pointing to New on the File menu, and then clicking ____.

A. New Site B. Page C. Options D. Tools

Computer Science & Information Technology

The HLOOKUP function can only be used to find exact matches.

Answer the following statement true (T) or false (F)

Computer Science & Information Technology

Files in the SWF file format require the Adobe Flash Player.

Answer the following statement true (T) or false (F)

Computer Science & Information Technology