Answer:
The correct answer is: may have equal or increasing amounts applied to the principal from each loan payment.
Explanation:
Amortization can be defined as the process of spreading out the loan in monthly payments. An amortized loan has scheduled periodic payments for both interests as well as principal. If the payments for each period are equal it is called a fully amortized loan.
In amortized loans the interest is paid off first then the amount excess of interest reduces the principal. A common example of amortized loans is auto loans, home loans.
The payments for amortized loans can be equal or unequal for each period.
Well that depends on the person. The three things that someone would do when considering to choose a bank is to have trust, convenience, and account features. They would have to trust the bank, and it would have to be well-known and established. Bank accounts are case-sensitive, so it takes extra time for them to further secure their account.
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Answer:
B) Long-term debt
Explanation:
Long term debts are loans that are due in more than 1 year, and generally bonds are due in several years.
- Revolving credit agreements is a revolving line of credit where the client uses the funds only when they need it.
- Commercial papers are short term promissory notes (due in less than 1 year).
- Trade credit is usually handed out by a company's vendors where you receive merchandise and pay for it later (usually in a month or two).
