Question: Peter has borrowed $10,000. If he is being charged an interest rate of 10% and he makes payments of $1,000 per year, then this is

this is an example of a(n): Select one: a. amortised loan b.

Peter has borrowed $10,000. If he is being charged an interest rate of 10% and he makes payments of $1,000 per year, then this is an example of a(n): Select one: a. amortised loan b. principal and interest loan c. lump sum loan d. interest only loan George is considering buying a Treasury Bond with a face value of $1,000 and a term to maturity of 10 years. The bond has a coupon rate of 3.0% p.a. payable semi-annually. What size are the coupon payments George will receive? Select one: a. $15 b. $30 c. $60 d. $10 Which of the following is not considered security for a consumer loan? Select one: a. Real estate mortgage b. Chattel mortgage c. Guarantee d. Letter of confirmation of employment from employer

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