Which of the following statements regarding a 15-year $225,000, fixed-rate mortgage is correct?
a. the outstanding balance declines at a faster rate in the later years of the loan's life.
b. the remaining balance after three years will be $125,000 less one third of the interest paid during the first three years.
c. because the outstanding balance declines over time, the monthly payments will also decline over time.
d. interest payments on the mortgage will increase steadily over time, but the total amount of each payment will remain constant.
e. the proportion of the monthly payment that goes towards repayment of principal will be lower 10 years from now than it will be the first year.
Answers: 3
Business, 22.06.2019 11:00
Acompany that adapts its product mix to meet the needs of a new market is using which of the following global marketing strategies market development diversification strategy product development undiversified
Answers: 3
Business, 22.06.2019 11:10
Yowell company granted a sales discount of $360 to a customer when it collected the amount due on account. yowell uses the perpetual inventory system. which of the following answers reflects the effects on the financial statements of only the discount? assets = liab. + equity rev. − exp. = net inc. cash flow a. (360 ) = na + (360 ) (360 ) − na = (360 ) (360 ) oa b. na = (360 ) + 360 360 − na = 360 na c. (360 ) = na + (360 ) (360 ) − na = (360 ) na d. na = (360 ) + 360 360 − na = 360 na
Answers: 1
Business, 22.06.2019 16:30
Why are there so many types of diversion programs for juveniles
Answers: 2
Business, 22.06.2019 16:40
Job applications give employers uniform information for all employees,making it easier to
Answers: 1
Which of the following statements regarding a 15-year $225,000, fixed-rate mortgage is correct?
Biology, 14.06.2020 03:57
History, 14.06.2020 03:57
Mathematics, 14.06.2020 03:57
Mathematics, 14.06.2020 03:57
Physics, 14.06.2020 03:57