Question
What is a loan repaid in equal payments over a specified time period called? Simple interest loan Amortized loan Usury loan All of the choices
What is a loan repaid in equal payments over a specified time period called?
|
| Simple interest loan |
|
| Amortized loan |
|
| Usury loan |
|
| All of the choices are correct. |
When interest is earned on interest in addition to interest being earned on the principal amount of an investment, what is this called?
|
| Simple interest |
|
| Compound interest |
|
| Basic interest |
|
| Inflation interest |
What would be the annual periodic payments for an ordinary annuity, with a 10 percent compound interest rate, that will have a future value of $1,000 three years from now?
|
| $285 (rounded) |
|
| $302 (rounded) |
|
| $333 (rounded) |
|
| $350 (rounded) |
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Funded The Entrepreneurs Guide To Raising Your First Round
Authors: Katherine Hague
1st Edition
1491940263, 9781491940266
