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bezimeni [28]
4 years ago
6

When a mortgage loan with level periodic payments has been completely repaid by the maturity date, it is said to be?

Business
1 answer:
Ira Lisetskai [31]4 years ago
4 0
When a mortgaged loan loan has been completely repaid by maturity date, the loan is said to be fully amortized. For example, you buy a house for $100. The interest on this house is 10% and the mortgage term is 1 year, your mortgage will be repaid in Nov 2018 by paying $9 every month, with a total interest of $5. You repaid the mortgage with interest. Then it is said to be fully amortized.
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Macroeconomic equilibrium occurs where A. total​ production, or​ GDP, equals total planned investment. B. the unemployment rate
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Hence from the above we can conclude that the correct option is C.

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A tip of $10 is best for which kind of service?
lara31 [8.8K]

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The contract is considered as 'valid' and considered to be a verbal agreement as soon as Rachel proposed a price and Julius agreed upon it.

One thing to remember, Even though this contract is considered as valid , it would be hard for Julius to held Rachel accountable to court since he has no way to proof that the verbal agreement has been made.

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