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VARVARA [1.3K]
2 years ago
6

If a payment cap is applied and the required payment does not cover the interest expense, the unpaid interest is added to the lo

an thereby increasing the loan balance even though the required payment is being made. This is known as ___________.
Business
1 answer:
spin [16.1K]2 years ago
6 0

The condition when a payment cap is applied and the required payment does not cover the interest expense, the unpaid interest is added to the loan thereby increasing the loan balance even though the required payment is being made, is known as a negative amortization.

<h3>What is negative amortization?</h3>

A condition where the amount owed by an individual keeps adding even after the repayments are done is known as negative amortization.

Such condition of a negative amortization arises as the amount being repaid does not fully or partly cover the interest amount.

Hence, the significance of negative amortization is aforementioned.

Learn more about negative amortization here:

brainly.com/question/22232264

#SPJ1

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Answer:

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6 0
3 years ago
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Discuss what sources of factual information would be most beneficial for the following areas of practice:
schepotkina [342]

Answer:

The answer is stated below:

Explanation:

Sources of the factual information in the following areas of the practice are as:

a.

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b.

This practice of law dealt with the study of how the directors, stakeholders, shareholders, employees and the consumers interact with each other and with the environment. Under this practice, it looks for the records of the bank transaction.

c.

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d.

Under this practice, the statements of banks, real estate listing, IRS records and credit agencies would be advantageous sources of the information.

e.

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7 0
3 years ago
Wilson Co. has three segments -- Tennis, Golf, and Fishing. The Tennis segment is currently producing 2,000 units annually. The
frutty [35]

Answer:

$400,000

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3 years ago
Public provision..
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3 years ago
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iren2701 [21]

Answer:

<u>True</u>

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