searsma12

Prepare an amortization schedule for a three-year loan of$100,000. The interest rate is 8% per year, and the loan calls forequal annual payment How much is the annual total loan payment? Howmuch interest is paid in the first year? How much total interest ispaid over the life of the loan?

Explain various types of life assurance policies one can have.

Determine the monthly payment for a 30-year real estate loan with an annual percentage rate of 6.5% and an initial principal of $150,000. How much interest is paid over the life of the loan?

An annual percentage rate, or APR, represents how much

interest is paid over a year.

interest is paid over many years.

principal is paid over a year

principal is paid over many years.