An amortized loan with equal total payments will have a. an increasing amount of principal paid in each successive payment b. the same amount of principal paid each payment c. the same amount of interest in each payment d. an increasing amount of interest paid each successive payment Which of the following is an example of a noncurrent liability? a. farm machinery b. loan on feeder livestock c. loan on farm machinery d. prepaid expense Which of the following would a lender usually prefer to have farm assets valued on a balance sheet that is part of a loan application? a. market b. cash C. cost d. accrual Using $20,000 in cash and a new loan of $80,000 to purchase land for $100,000 will cause equity to a. increases by $100,000 b. increases by $20,000 c. increases by $80,000 d. does not change is (are) interest earned on interest earned and the initial investment. a. Compound interest b. Inflation C. Interest only loan d. Points e. Simple interest 1 The amount borrowed, or the part of the original loan that has not yet been repaid is a. interest b. principal c. principle d. collateral