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

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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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This note was uploaded on 04/14/2008 for the course MATH 1013 taught by Professor Booker during the Spring '08 term at Texas Woman's University.

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

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