Question: 16. If a loan with a fixed interest rate has a 10-year amortization period, will the interest paid in the eighth year be equal to

16. If a loan with a fixed interest rate has a 10-year amortization period, will the interest paid in the eighth year be equal to the interest paid in the fifth year? Answer: 1?. Which type of annuity does the monthly payments of a RENTAL agreement form? Answer: 18. If the pay period of an annuity is different from its compounding period the annuity is called annuky ? Answer: 19. What sum of money must be deposited in a trust fund to provide a scholarship of $630.00 payable at the end of each month forever if interest is 7.8% compounded monthly? Answer: 20. Can loan payments form either a general annuity or a simple annuity? Answer: 21. Find the amount to which monthly deposits of $100.00 will grow in ve years at 4.8% p.a. compounded monthly

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