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) Match the following terms with the examples as a...

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) Match the following terms with the examples as appropriate: (Points : 4) Potential Matches: 1 : a promise by the US government to repay a fixed amount at some time in the future. 2 : You obtained a 5-month commercial loan. This loan loan will allow you to paid $500 in interest for four months and a final payment of interest and principal at the end of the fifth month. 3 : You borrow $3,000 from your bank at 10% interest. You will make no payments for two months but will return the full amount plus interest at the end of three months. 4 : You obtained a loan from your bank to buy a car. You will pay $300 per month to cover both interest and principal. Answer : Pure discount loan : Amortized Loan : Interest-only Loan : Treasury Bill

 

Paper#5626 | Written in 18-Jul-2015

Price : $25
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