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

an inequailty that shows the reltionship between 0 and -54
The decimal 132.64 written in expanded form is _________?
what is one way citizens in an autcracy can try to make their government like a democarcy?
A cylinder has a base area of 44.6 mm^2 and a height of 24mm what is the volume of the cylinder?
How does Johnny’s past experience with the Socs affect his behavior in the park?
why Causes the sun to rise and set
Matt wants to train his dog, buster, to sit on command. he gives buster a biscuit each time buster sits when commanded, but only for the first 10 trials. he the
________ are abstract ideals that guide one's thinking and behavior across all situations.
BRAINLY FOR CORRECT ANSWER FOR ALL THREE MATH QUESTIONS <3 thank you <3
How many moles are in 25.2g of KMnO4?