jemaurin4ceypitts
jemaurin4ceypitts jemaurin4ceypitts
  • 02-02-2016
  • Business
contestada

Evelyn has taken out a college loan. She needs to pay $500 every month for two years to repay the loan. What kind of loan does she have?

Respuesta :

taskmasters
taskmasters taskmasters
  • 02-02-2016
The kind of loan Evelyn has is a CONSTANT RATE LOAN.

A constant rate loan is a loan wherein the borrower pays every month a fixed amount that is part principal and part interest. This loan ensures that the principal and interest are all paid at the end of the loan term.


Answer Link
madisonvancamp5
madisonvancamp5 madisonvancamp5
  • 20-01-2019

the correct answer is a constant rate loan

Answer Link

Otras preguntas

Which genre of music evolved from French Canadian folk music
Colonists began to argue that the colonial government should be ruled by : a) The colonists b )Monarchs c) England
home address and date signature closing greeting body Sequence
Why does it make sense that Thaddeus Stevens wanted “the whole fabric of southern society” to change?
If it takes 13 machines 13 minutes to produce 13 widgets, how many minutes does it take 80 machines to produce 80 widgets?
Marta Perez sells coffee beans to local coffee shops. She earns a 10% straight commission on all sales. In November, her sales totaled $38,500. What was her com
Look to make 10 ones or 10 tens to solve 36+23+17
Which has a greater capacity 7/8 of a cup or 2/8 of a gallon
How would I be able to find my answer to this problem?
The expression 4x4x4, x gives the perimeter of a square with a side length of xxx units. what is the perimeter of a square with a side length of \dfrac57 ​7 ​ ​