The last interest payment on a 12-year, 6%, $138,000, fully-amortized loan with annual payments will be less than the first interest payment
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: The last interest payment will be the smallest.
Business
You might also like to view...
Which of the following is true of individuals belonging to the baby boom generation?
a. They have the least spending power than any other cohort. b. They spend more on food than any other generational demographic. c. They are the first generation of latchkey children. d. They are willing to change brands and try new things.
Business
Which of the following is not a benefit of being a leader in the middle?
a. Linking pin between upper management and followers b. Having more resources to exchange c. Knowing office gossip d. Vision sharing and goal sharing
Business