L agreed to carry a 2nd in the sale of the home. It was for $20,000, 9% interest, 30 years, payment of $160.92 per month. However, it had a five year call when the buyer would pay off the balance of $19,176. How would you describe this loan arrangement?

a) Fully amortized
b) Discounted
c) Wraparound
d) Partially amortized

Answer: d) Partially amortized

Business

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This is a work-study training method that teaches job skills, usually a trade, through a combination of on-the-job training and classroom training.

A. Internship B. Coordination training C. Apprenticeship D. Experiential training

Business

In solving the facility location problem, the objective is to locate a centralized facility that serves customers or other facilities such that the distance traveled between the facility and customers or other facilities is minimized

Indicate whether this statement is true or false.

Business