Answer:
we need to be calm so we don't get people mad at us
Explanation:
Answer:
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Explanation:
Answer:
B). With an amortized loan, a larger proportion of each month's payment goes toward interest in the early periods.
Explanation:
Amortization is referred to as a process or accounting technique that divides the amount of loan into a series or chain of fixed monthly payments. It reduces the book value of loan periodically/gradually as the debt is being paid off in installments. As per the question, the statement that asserts a true claim is option B which states that with an amortized loan, a great portion of each month's payment goes towards interest due to the addition of high-interest rates over the principal. Thus, option B displays a true assertion.
The lower the interest rate, the more willing people are to borrow money to make big purchases, such as houses or cars. When consumers pay less in interest, this gives them more money to spend, which can create a ripple effect of increased spending throughout the economy
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