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classwork - 4d-4e

# classwork - 4d-4e - ClassWork#2(Sections 4D& 4E(10 pts...

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Unformatted text preview: ClassWork #2 (Sections 4D & 4E) (10 pts) Name_________________________________ For any problems involving calculations, you MUST SHOW WORK to get credit (just write what you're going to type in the calculator). Provide an appropriate response. 1) ________ _ loans differ from installmen t loans in that you are not required to pay off your balance in any set period of time. 1) _______ A) Auto B) Cred it card Mortgage D) Non e of the 2 ) True or False? A loan that you pay off with equal regular payments is called an installmen t loan. 2) ______ _ A ) True B) False Solve. 3 ) Calculate the monthly payment for a loan of \$ 11,000 at a fixed APR of 12% over a period of 5 years. 3) ______ _ A ) \$ 110.00 \$ 110....
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classwork - 4d-4e - ClassWork#2(Sections 4D& 4E(10 pts...

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