Question: what is the correct answer? explaination please. If you borrow $1,000 today and make interest payments of $20 every six months for ten years and

what is the correct answer? explaination please.

If you borrow $1,000 today and make interest payments of $20 every six months for ten years and then in ten years you repay the $1,000, what kind of loan is it? Hide answer choices a A simple loan A fixed payment loan A coupon bond A discount bond If you borrow $10,000 today and interest of 290 is added to the loan balance each year until repayment is made on the full amount, what kind of loan is it? Hide answer choices a A simple loan A fixed payment loan A coupon bond A discount bond

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

please explain this a little better (it was already posted here but was difficult to understand) answer the second picture aswell or I will thumbs down, thank you for understanding *third picture i...

FV , PV & RETURNS 1 a. At the end of 10 years, how much is an initial deposit of $100 worth, assuming an interest rate of 10 percent compounded (1) annually? (2) semi-annually? (3) quarterly? (4)...

please help me, and try to explain especifically because i am real confused ASSIGNMENT 3 - Bond Valuation The problem requires you to use the spreadsheet template attached in the assignment...

Percentages need to be entered in decimal format, for instance 3% would be entered as .03.) Jenna bought a bond that was issued by Sherlock Watson Industries (SWI) three years ago. The bond has a...

40. Assume that you are paying $1,000 to buy an asset that will pay $100 at the end of year one, $300 at the end of each of the following three years, and $500 at the end of the fifth year. Compute...

please help answer part A,b and c The problem requires you to use the spreadsheet template attached in the assignment instructions. Jenna bought a bond that was issued by Sherlock Watson Industries...

If you borrow $ 1 , 0 0 0 today and make interest payments of $ 2 0 every six months for ten years and then in ten years you repay the $ 1 , 0 0 0 , what kind of loan is it ?

Question 1 8 5 Points If you borrow $ 1 , 0 0 0 today and make interest payments of $ 2 0 every six months for ten years and then in ten years you repay the $ 1 , 0 0 0 , what kind of loan is it ?

please help answer part D and E ASSIGNMENT 3- Bond Valuation The problem requires you to use the spreadsheet template attached in the assignment instructions. Jenna bought a bond that was issued by...

Refer to Exercise. Also recorded was the gender (1 = Male, 2 = Female) of the respondents. Use a graphical technique to determine whether the choice of light beers differs between genders. In...

Suppose that a 6-percent, annual-pay, Government of Canada bond that matures in two years has a yield to maturity of 6.75 percent. If inflation is expected to be 2.5 percent per year over the next...

Prepare the journal entry to record the closing inventory on 2 8 February 2 0 . 2 3 . You may assume that a periodic inventory system is used. Closing journal entries and journal narrations are not...

5. Develop a scenario comparing two PH programs and involving the use of a CBA.

Have you ever ignored what someone said because the persons nonverbal behavior seemed to contradict the verbal message? Were you able to determine if the nonverbal communication was accurate?

C Do you believe that uniforms reduce stereotyping by class and status in society? Explain your answer.

A What other items, besides clothing, nonverbally communicate information about a high school student?