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notka56 [123]
3 years ago
7

8. When a loan is amortized, a relatively high percentage of the payment goes to reduce the outstanding principal in the early y

ears, and the principal repayment's percentage declines in the loan's later years. a. True b. False
Business
1 answer:
Ludmilka [50]3 years ago
3 0

Answer:

False

Explanation:

Amortization an act of spreading a loan into a series of fixed payments over time. An amortized loan is a loan with scheduled periodic payments of both the principal and interest. It first pays off the relevant interest expense for the period, after which the remainder of the payment reduces the principal.

Payments are made in regular installments of constant amount that consists of both principal and interest.

Common examples of amortized loans include student loans, car loans and home mortgages.

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A detailed plan for the future that is usually expressed in formal quantitative terms is known as a:
Kipish [7]

Answer: (A) Budget

Explanation:

 Budget is one of the type of financial plan that is create according to our requirement and also budget.

A budget is one of the type of document  that is used for describe the detailed plan in the future and it is usually expressed into the quantitative terms.

 The main objective of the budget is to creating a proper plan based on the expenses, revenue, liabilities and the cost in an organization and it also helps in balancing our expenses with the income.    

 Therefore, Budget is the correct answer.

5 0
3 years ago
The quantity of a good demanded in a given time period increases as the price falls, which is known as:_________
Illusion [34]

Answer:

B) The law of demand

Explanation:

The law of demand states that the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

Ceteris paribus means all things being equal.

Says law says supply creates its own demand.

I hope my answer helps you

4 0
4 years ago
If all families receive exactly the same income the lorenz curve would appear as
jeyben [28]
I would have to say stable and idkh to explain it thou sorry god luck
7 0
3 years ago
If a product concept is explained and described to a small number of
otez555 [7]
Usually D.) Focus Group

They are a small group of people who will review and give feedback on a test product. The other alternative (B, sample audience) is for when the product is usually already in its earl development stage. (Not a prototype)
4 0
3 years ago
Jenna's closing agent has asked her to get a spot survey of the property she's purchasing. what will this accomplish for jenna a
just olya [345]

It notes the location, size, and shape of any improvements on a property.

<h3>What is property?</h3>

Any item over which a person or a business has legal title is considered property. Property can refer to either real objects, such as houses, automobiles, or appliances, or intangible items with the promise of future value, such as stock and bond certificates.

There are three types of property in economics and political economy: private property, public property, and collective property (also called cooperative property).

Property is divided into two types: corporeal property and incorporeal property. Corporeal Property is seen and touched, whereas incorporeal Property is not. Furthermore, corporeal Property is the right to tangible possession, whereas incorporeal Property is an incorporeal right in rem.

To know more about property follow the link:

brainly.com/question/778086

#SPJ4

6 0
2 years ago
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