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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 .

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The answer is: A) A creative work environment

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3 years ago
How often must a financial institution pay interest to the commissioner of management and budget from a broker's interest-bearin
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The answer is At least quarterly.

financial institution pay interest to the commissioner of management and budget from a broker's interest-bearing trust account at least quarterly.

What is a Financial institutions?

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3 0
2 years ago
The Business Auto Coverage Form is intended for which of the following businesses? Select all that apply.
Karolina [17]

Answer:

A) Owned private passenger autos

B) Mobile equipment registered to drive on public roads

D) Automobiles owned by employees used for business purposes

Explanation:

Business Auto Coverage Form  is used to cover a company's autos, trucks, trailers, semitrailers and mobile equipment that are owned or used by the company.

It also covers vehicles that are not owned by the company but are used by the company's employees while doing business related activities, e.g. automobiles owned by employees and used for business activities.

It only covers mobile equipment that is registered to drive on public roads, e.g. cranes, drills, shovels, tractors, etc.

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3 years ago
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Answer

The answer and procedures of the exercise are attached in the following image.

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

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