Choices
A)payments apportined equally toprincipal intense
B)fixed prinicipal payment with interest deferred to a future date
C)interest payments only with principal due at a future date
D)constant payments of earned interest and some principal
2006-07-15 11:04:29 · 3 answers · asked by olufemi a 1 in Business & Finance ➔ Renting & Real Estate
A doesn't make sense, worded wrong??
D would be the logical choice..
fully amortized conventional loan is not a federal loan and it pays the whole loan off in the time allotted. More interest and less principal up front, and the opposite near the end of the loan. But the monthly payment stays the same throughout.
2006-07-15 15:29:10 · answer #1 · answered by BigDaddy 4 · 0⤊ 0⤋
What is the question??? If you are asking what this loan is, it is going to be CLOSE to a.). Although, the payments to principal and interest are not apportioned equally. Interest will be paid first with a small amount of principal, then as the years go on, the interest payments will go down, and the principal reduction will increase.
Does this answer your question???
2006-07-15 14:56:05 · answer #2 · answered by Kaz 3 · 0⤊ 0⤋
"D"
....and next time do your own homework.
; )
2006-07-15 11:07:52 · answer #3 · answered by Stephen B 3 · 0⤊ 0⤋