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

Identify the verb or verb phrase in the following sentence. He seemed too tired to work very well.
Which solution value satisfies the inequality equation x – 5 ≤ 14?
I NEED ANSWERS FAST PLEASE!!! <3 Which is the best example of how geography influences history? A.The Sumerians built ziggurats. B. The Greeks used the human
Answer it, answer it, answer it.
Based on a​ poll, 40​% of adults believe in reincarnation. Assume that 4 adults are randomly​ selected, and find the indicated probability. Complete parts​ (a)
Help please!!! Thxxxxx
What is the speed of wave that has a frequency of 3Hz and a wavelength of 2m?
A bag contains 6 red marbles, 3 blue marbles and 1 green marble. What is the probability that a randomly selected marble is not blue?
Determine whether the political features belong to ancient Greece, the modern United States, or both. All citizens of legal age can vote, regardless of gender.
Why was the Shehnai played in temples and weddings?( bismillaon khan for class 9)