A project having the conventional pattern of cash flows exhibits all of the following EXCEPT
A) a terminal cash flow.
B) initial investment.
C) operating cash outflows.
D) operating cash inflows.
C
Business
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A negative amortization loan would be a loan:
a. Where the loan balance declines each month b. With principal payments only c. With private balance increases d. where principal balance increases
Business
Which of the following statements is TRUE? Interest rates
A) cannot exceed 60% per annum under the Criminal Code B) can exceed 500% in some provinces for pay day loans C) must be stated as an annual rate or the lender can only charge 5% per annum D) must disclose all fees and administrative costs tied into the interest rate for consumer loans E) all of the above
Business