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

Write the multiples of 6 starting from 24
Ng gave me a major headache.which word correctly completes the sentence? you him herng gave me a major headache. which word correctly completes the sentence? yo
what is 5 squared? please help me
Who was Pierre de Fermat? Whoever answers this in their own words, thank you.
Are all odd numbers integers
Hans is being asked to try alcohol. He uses a firm voice when he says no. This is an example of nonverbal communication. A. True B. False
When a chemical reaction creates a thin film outline of an anmial or plant what type of preservation has occured?
The use of rhyme not only creates a sense of rhythm, but also serves to
If many different observations can all be explained by the same theory, does that make the theory true? Does it make the theory more likely? Explain your answer
Both japan and indonesia are made up of a chain of islands called