Answer:
Reducing principal at a faster pace increases the overall interest paid on a loan.
Explanation:
When a loan is being repaid a repayment schedule is used. Repayment schedule contains proportion of principal and interest to be paid by the borrower.
In a scenario where principal to be paid reduces at a faster rate, the interest must also reduce. Interest is a function of the principal. The higher the remaining principal the higher interest rate and vice versa.
So the statement - Reducing principal at a faster pace increases the overall interest paid on a loan, is false. Rather interest to be paid will reduce.
Answer: Charles Clinton, max Weber
Explanation:
<span>The correct answer for this would be A) A list of potential clients. If Nina wants to succeed in her business and actually make money out of it, she needs to make sure she has a source of income. This can come only from potential clients. So having a client base ensures that Nina will have a steady source of income from her business. The other options are only secondary and can come later once she has her business churning income. </span>
