Question
If you want to pay off your installment loan balance before the maturity date, you need to ___________ for an approximate payoff. A. calculate the
If you want to pay off your installment loan balance before the maturity date, you need to ___________ for an approximate payoff.
A. calculate the simple interest payment
B. refer to an amortization table
C. make a balloon payment
D. calculate the add-on interest payment
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International Business
Authors: Michael Czinkota, Iikka A. Ronkainen, Michael H. Moffett
8th edition
470530658, 470530650, 978-0470530658
