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

Which is bigger: 0.3 or 1/3
A category of literature or art a. Genre b. Lyrics c. Personification d. Summary
How did the development of irrigation systems improve living conditions? a. It gave people a surplus of food. b. It made people switch from hunting to herding.
What does the color of a star determine
Veronica is saving money to by a saddle for her horse that costs 175 . She plans to save $10 the first month and then increased amount she say's by five each mo
is a aluminum pie plate an element
What is 460,915 estimate to
Which is bigger: 0.3 or 1/3
_____ level degrees include master’s, specialist’s, and doctorate degrees. a. Undergraduate b. Graduate c. Secondary d. Primary
No real religious freedom was practiced among the Puritans. a. True b. False