Ask Question
BusinessBusiness
18 January, 12:39

Midway through the life of an amortized loan, the percentage of the payment that represents interest could be equal to, less than, or greater than to the percentage that represents repayment of principal. The proportions depend on the original life of the loan and the interest rate. a. True b. False

+4
Answers (1)
  1. 18 January, 13:01
    0
    a. True

    Explanation:

    In every type of loan, the principal amount, interest rate, and the duration of the loan are compulsory. Without these three components, no loan could be approved.

    Moreover, the terms and conditions are also equally important.

    So, the given statement is true because interest is paid on the periodic basis or the yearly basis which depends upon the term and conditions of the loan.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Midway through the life of an amortized loan, the percentage of the payment that represents interest could be equal to, less than, or ...” 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
A severe freeze has once again damaged the florida orange crop. the impact on the market for oranges will be a leftward shift in a. the supply curve. b. the supply curve and a rightward shift in the demand curve, which will result in a higher price.
Answers (1)
Consider a construction loan made to ABC Inc. The loan amount is $6 million, which is drawn evenly (i. e., a $1,000,000 monthly draw) for the next six months. Assume that each disbursement occurs at the end of the month.
Answers (1)
What is $5.30 reduced by 10%
Answers (1)
Red Rock Bakery purchases land, building, and equipment for a single purchase price of $200,000. However, the estimated fair values of the land, building, and equipment are $105,000, $180,000, and $15,000, respectively, for a total estimated fair
Answers (1)
A country implements policies that are expected to increase taxes by €100 million, increase government spending by €50 million, and reduce investments and private sector savings by €25 million each.
Answers (1)
New Questions in Business
Olga buys a bag of potato chips every day after her economics class. The first potato chip always tastes wonderful. The second does not taste quite as good as the first. The third does not taste quite as good as the second.
Answers (1)
Merrythought is a business that makes teddy bears, located in Ironbridge, Shropshire, in the United Kingdom. The business was founded years ago by Gordon Holmes.
Answers (1)
A stock that sold for $24 per share at the beginning of the year was selling for $34 per share at the end of six months when the company paid a dividend of $0.75 per share. What is the simple interest rate on this investment with one share of stock
Answers (1)
Which of the following statements is TRUE about a career? a) A career is short-term job b) A career is a series of steps or accomplishments working towards a lifelong ambition or goal c) Most careers do not require any education or special training
Answers (1)
The impact fiscal multiplier is A. usually estimated to have an average value of 2. B. usually estimated to have an average value of 0. C.
Answers (1)
Home » Business » Midway through the life of an amortized loan, the percentage of the payment that represents interest could be equal to, less than, or greater than to the percentage that represents repayment of principal.
Sign Up Forgot Password?