3 years ago

Whic of the statement below is FALSE?

Business

1 answer:

Kaylis [27]3 years ago

4 0

Answer:

Reducing principal at a faster pace increases the overall interest paid on a loan.

Explanation:

When a loan is being repaid a repayment schedule is used. Repayment schedule contains proportion of principal and interest to be paid by the borrower.

In a scenario where principal to be paid reduces at a faster rate, the interest must also reduce. Interest is a function of the principal. The higher the remaining principal the higher interest rate and vice versa.

So the statement - Reducing principal at a faster pace increases the overall interest paid on a loan, is false. Rather interest to be paid will reduce.

You might be interested in

Difference between honors and regular classes

deff fn [24]

Honor classes are harder and require a B average. Regular classes are easier even though the same material is included in both.

3 0

3 years ago

Read 2 more answers

Eagle Equipment Corporation discharges Jay, who then sues Eagle for employment discrimination under Title VII. Eagle learns that

Karo-lina-s [1.5K]

Answer:

The correct answer is D

Explanation:

Title VII of the 1964, Civil Rights Act, states the federal law and it prohibits the employers from discriminating the employees on the grounds of color, sex, religion, race and national origin.

So, in this case, Jay sues the corporation against this title, but the corporation learns that Jay lied on his job application and on this ground the corporation would fired him. This is done after acquiring the evidence and it is not a defense.

4 0

4 years ago

Mr. Drucker uses a periodic review system to manage the inventory in his dry goods store. He likes to maintain 15 sacks of sugar

ElenaW [278]

yes

Explanation:

because thays tuff stuff idk

7 0

3 years ago

The price a property will bring when neither the buyer nor the seller is acting under duress and it has been on the market for a

PilotLPTM [1.2K]

Answer:

The answer is arms- length transaction

Explanation:

The price a property will bring when neither the buyer nor the seller is acting under duress and it has been on the market for a reasonable length of time is defined as arms- length transaction

7 0

3 years ago

Arbitration places a dispute before a third party for a binding settlement. true or false

kenny6666 [7]

<em />It is true that arbitration places a dispute before a third party for a binding settlement.

4 0

3 years ago