Description of this paper

Match the following terms with the examples.

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Question

Match the following terms with the examples.;Matching;Pure discount loan;Amortized Loan;Interest-only Loan;Treasury Bill;1: You obtained a business loan for four months. The loan will allow you to paid $300 in interest for three months and a final payment of interest and principal at the end of the four month.;2: You obtained a mortgage to buy a home. You will pay $800 per month to cover both interest and principal.;3: a way used by the US government to borrow money on short-term basis.;4: You borrow $1,000 from your best friend. In return, you will give him back $1150 in 3 months.

 

Paper#32210 | Written in 18-Jul-2015

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