Question 1 1 pts
llilonceptual.
Which of the following choices best completes the following statement?
The balance on a standard loen immediately after any specic payment is made
equals the present value of.
D the remalning payments dlscounted at the lo
Question 5 1 pts
For due stions 5rd. consider the following information:
A person uses a drmonth loan with a loan amount of $2L at an annual interest
rate of 6.3%.
To the nearest dollarr how many total dollars will the balance on the loan drop from
paymen
Question 5 1 pts
Fer que stiens 5nd. consider the following infermatien:
A persen uses a dvmpnth lean 1with a lean ameu nt pf $?1+ at an annual interest
rate at 6.8%.
Te the nearest della rr new man; tetal dpllars will the balance on the lean drop from
pa
Question 5 1 pts
Fer questiens 5-6, censider the tells-wing Tnferrnatien:
A person uses a ~manth lean 1with a lean ameu nt of $?1, at an annual interest
rate of 6.3%.
To the nearest duller. haw mam.f tetal dollars will the balance en the lean drop from
pa
Quest-inn 2 1 pts
Fer questiens 2 4, censlder the fellewing infennatien: A persen uses a Esrnenth
lean 1with a lean arneu nt ef name at an annual interest rate ef less.
2. What 1will he the balance en their lean immediater after they make their 32nd
menth
Question 1 1 pts
(Ipnceptual.
Which of the following chpices best completes the following statement?
The balance cm a standard lean immediately after any specic payment is made
equals the present value of.
C? the remalnlng payments dlscpunted at the lpan'