1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ycow [4]
3 years ago
14

A $150,000 loan is to be amortized over 7 years, with annual end-of-year payments. Which of these statements is CORRECT? a. The

proportion of each payment that represents interest versus repayment of principal would be higher if the interest rate were higher. b. The proportion of each payment that represents interest as opposed to repayment of principal would be higher if the interest rate were lower. c. The annual payments would be larger if the interest rate were lower. d. If the loan were amortized over 10 years rather than 7 years, and if the interest rate were the same in either case, the first payment would include more dollars of interest under the 7-year amortization plan. e. The proportion of interest versus principal repayment would be the same for each of the 7 payments.
Business
1 answer:
Schach [20]3 years ago
3 0

Answer:

The proportion of each payment that represents interest versus repayment of principal would be higher if the interest rate were higher

Explanation:

Amount of interest component in a loan instalment will be higher as compared with principal amount in the initial period of repayment . As period lapses , interest amount reduces progressively and principal amount increases . When the tenure of loan is increased , proportion  of interest increases in an instalment .

You might be interested in
When should a thank-you letter be sent? a. 3 days after the interview b. 1 week after the interview c. 24 hours after the interv
Hitman42 [59]
Sending the thank-you letter should be done 24 hours after the interview. This is to make sure that the interviewer still has that sharp impression about you and this can also be done before the interviewer decides hiring you or not. Answer for this would be option C.
6 0
4 years ago
Read 2 more answers
The average cost of tuition and room and board at a small private liberal arts college is reported to be $8,500 per term, but a
mojhsa [17]

Answer & Explanation:

The null hypothesis (H0) is what the study is trying to reject, is what the study wants to disprove. In this case, the financial administrator believes that the average cost of tuition and room is greater than $8,500. Then, he wants to statistically disprove that the average cost per term is equal to $8,500.

H0: average cost = $8,500

H0:μ=$8,500

The alternative hypothesis (H1) is the opposite, is what the financial administrator wants to prove: the average cost per term is greater than $8,500.

H1: average cost > $8,500

H1:μ>$8,500

3 0
3 years ago
Give a concrete example of how the type of college you choose can impact your total costs.
Zanzabum

Answer:

Because you chose to go to college instead of working, your opportunity cost is actually the sum of your college expenses plus the money you could have earned had you chosen not to work.

Explanation:

There are five main categories of expenses to think about when figuring out how much your college education is really going to cost: tuition and fees, room and board, books and supplies, personal expenses, and transportation. You can control some of these costs to some extent.

7 0
3 years ago
Where are coins manufactured?
malfutka [58]
They are manufactured in a mint
8 0
3 years ago
Read 2 more answers
What is a sales quote?
photoshop1234 [79]

Answer:

Explanation:

A sales quote allows a prospective buyer to see the costs that will be involved for desired work.

8 0
3 years ago
Read 2 more answers
Other questions:
  • One capacity strategy has advantages which include​ "reduced risk of overbuilding and greater productivity due to higher utiliza
    10·1 answer
  • On April 1, 2016, the KB Toy Company purchased equipment to be used in its manufacturing process. The equipment cost $57,200, ha
    7·2 answers
  • You are considering investing $1,000 in a T-bill that pays 0.05 and a risky portfolio, P, constructed with two risky securities,
    9·1 answer
  • The borrower of an amortized mortgage makes most of the payment during the early life of the mortgage: Multiple Choice towards t
    8·1 answer
  • You have just accepted a leadership position of a newly formed project team. The team is geographically dispersed with team memb
    12·1 answer
  • A U.S. citizen accrued $120,000 of creditable foreign taxes last year. The citizen's foreign tax credit limitation for last year
    10·1 answer
  • The interest rate is 15.5 percent a year in Indonesia and 1.7 percent in a year in Hong Kong. The inflation rate is 12.6 percent
    11·1 answer
  • As part of their _______ roles, managers are expected to evaluate alternatives and make choices to solve problems or take advant
    12·1 answer
  • Career question will mark first answer brainliest
    7·2 answers
  • The interest rate that the federal reserve charges other banks on loans is called the ________ rate.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!