<span>Assume
that Jocelyn is comparing two fixed-rate loan options, a 15 year and a
30 year mortgage. Both options have the same interest rate and amount
borrowed. The 30 year, when compared to the 15 year loan will have a lower monthly payment and a higher total cost when
repayment is completed.
The longer the spread of an annuity payment the lower the monthly payment and the higher the total cost of the loan.
</span>
In the accounting cycle, the last step is to prepare a post-closing trial balance.
Open market operations involve buying and selling securities to influence the money supply. The correct answer is C.
Answer: 11 billion billion pounds
Explanation: