How are interest and return of principal handled in an amortizing loan payment?
What will be an ideal response?
Answer: The amount of periodic payments, generally monthly, for most amortizing loans is held constant such that a part goes toward paying interest on the outstanding balance and the rest toward return of principal. Thus this ratio keeps changing over the life of the loan. Initially, when the principal is highest, a major part of the loan goes toward paying interest and a smaller part toward returning the principal. However, as the loan progresses the interest component of the payment increases and the principal component decreases till the loan is fully paid off.
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OutCode Inc. is an organization that tries to avoid the potential for violence or a lawsuit each time an employee is asked to leave the company. It does this by having the former employees meet with a specialized member of the HR staff to discuss their feelings while also getting help to find a new job. Which strategy does OutCode Inc. use in this scenario?
A. outplacement counseling B. outcome fairness C. an employee assistance program D. fair representation E. alternative dispute resolution
In determining whether the offeree accepted the offer, the court looks for the offeree's present intent to contract.
Answer the following statement true (T) or false (F)
A(n) ________ involves a complete count of each element in a population
A) census B) sample C) element D) sampling unit E) count
The inventory conversion period of a firm is equivalent to the average age of its inventory.
Answer the following statement true (T) or false (F)