Loans restrict your spending or saving in future months and, therefore, can prevent you from achieving financial goals

Indicate whether the statement is true or false.

Answer: TRUE

Business

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The duration of a ten-year, 10 percent coupon bond when the interest rate is 10 percent is 6.76 years. What happens to the price of the bond if the interest rate falls to 8 percent?

A) It rises 20 percent. B) It rises 12.3 percent. C) It falls 20 percent. D) It falls 12.3 percent.

Business

What did the -t, -n, -l, and -r options do?

What will be an ideal response?

Business