Evelyn has taken out a college loan. She needs to pay $500 every month for two years to repay the loan. What kind of loan does she have? Select one of the options below as your answer:
A. a fixed-rate loan
B. a variable-rate loan
C. a constant-rate loan
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Evelyn has taken out a college loan. She needs to pay $500 every month for two years to repay the loan. What kind of loan does she have? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
In 2020, Quapau Products introduced a new line of hot water heaters that carry a one-year warranty against manufacturer's defects. Based on industry experience, warranty costs were expected to approximate 5% of sales revenue.
Answers (1)
3.) Your 2 year investment of $5,300 earns 2.9% and is compounded annually. What will your total return be? Answer: 4.) You invested $100 at 8.2% which is compounded annually for 7 years. How much will your $100. be worth in 7 years? Answer: 5.
Answers (1)
Analyze nigeria national income from to 2015-2019
Answers (2)
One type of manufacturing procedure would be: equipment, raw materials, mass production, management
Answers (1)
The two fixed overhead variances are the A. rate and efficiency variances. B. rate and volume variances. C. price and usage variances. D. budget and volume variances.
Answers (1)
New Questions in Business
Marin Inc. has an investment in trading securities of $143000. This investment experienced an unrealized loss of $7300 during the current year.
Answers (1)
Jim Bob Airlines has one 57 seat plane. On its last five flights it had 44 passengers from MSY to DFW, 49 passengers from DFW to OKL, 36 passengers from OKL to TUL, 30 passengers from TUL to FWB, and 49 passengers from FWB to MSY.
Answers (1)
All of the following are stakeholders of a firm, except
Answers (2)
A country currently has an outstanding debt of $45 billion. Its current-year expenditures are $12 billion and its tax revenue is $14 billion.
Answers (1)
Yakov left his job as a plumber when his wife took a position in another region. the quantity of plumbing services demanded is considerably lower in the new region, in part because of high union-negotiated wages.
Answers (1)