Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

TO DETERMINE THE AMOUNT NEED TO PAY IF YOU WANT TO PAY OFF A LOAN EARLY YOU SHOULD: A. subtract the sum of the payments

TO DETERMINE THE AMOUNT NEED TO PAY IF YOU WANT TO PAY OFF A LOAN EARLY YOU SHOULD:

A. subtract the sum of the payments already made from the initial amount of the loan.

B. sum the remaining payments

C. subtract the sum of the present values of the payments already made from the initial amount of the loan

D. sum the present values of the remaining payments

E. subtract the sum of the present values of the remainig payments form the present values of the payments already made

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Finance questions

Question

What is conservative approach ?

Answered: 1 week ago

Question

What are the basic financial decisions ?

Answered: 1 week ago