1 a loan with scheduled periodic payments that consist of, Ask an Expert

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1. A loan with scheduled periodic payments that consist of both principal and interest is called a(n)

A) pure discount loan.

B) commercial loan.

C) amortized loan.

D) interest - only loan.

2. Which one of the following is an annuity due?

A) $800 paid at the beginning of each monthly period for three years, starting today.

B) $225 paid at the end of each monthly period for an infinite period of time.

C) $600 paid at the end of every quarter for five years, starting this quarter.

D) $900 paid today and $800 paid every year for ten years starting one year from today.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92800112

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