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bija089 [108]
3 years ago
15

Bill just financed a used car through his credit union. His loan requires payments of $275 a month for five years. Assuming that

all payments are paid on time, his last payment will pay off the loan in full. What type of loan does Bill have?
a. Amortized
b. Complex
c. Pure discount
d. Lump sum
e. Interest-only
Business
1 answer:
Fittoniya [83]3 years ago
3 0

Answer:

A. amortized

Explanation:

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a.A staff department

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How does brainstorming improve the final product
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Which of the following would be an advantage of engaging in international
lbvjy [14]

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B. Larger growth opportunities based on market size

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3 years ago
The cost of equity is: Group of answer choices equal to the amount of asset turnover the weighted average cost of capital the in
san4es73 [151]

Answer:

the rate of return required by investors to incentivize them to invest in a company

Explanation:

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6 0
3 years ago
What is the approximate present value of $1 that will be paid to you in 3 years if the interest rate were 5 percent?
Stolb23 [73]

Answer:

The present value is $0.86.-

Explanation:

Giving the following information:

Future Value (FV)= $1

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Interest rate (i)= 5% = 0.05

<u>To calculate the present value (PV), we need to use the following formula:</u>

PV= FV/(1+i)^n

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PV= $0.8634

The present value is $0.86.-

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3 years ago
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