I know it said from the site and I don’t see a web address so maybe I can give you a few examples and you can go from there:
1. Work place
2. Home
3. School
Answer:
He will have to come up with a bigger down payment.
His monthly payments will be higher.
Good luck:)
Answer:
I prepared an amortization schedule using an excel spreadsheet. The original monthly payment was $836.44. After the 120th payment, the remaining principal balance was $68,940.64. Since she didn't pay anything for 1 year, the new principal balance will be $68,940.64 x (1 + 8%) = $74,455.89
I prepared another amortization schedule for the remaining 9 years, and the monthly payment is $969.32. She will pay off the loan in 108 months.
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I believe the answer is D. Hiring employees.
Hope that helped.