Evelyn has taken out a college loan
Asked by maham237 @ in Business viewed by 366 People
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?
Answered by maham237 @
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.
Similar Questions
Loan taken from dena bank should be credited to
Asked by admin @ in Accountancy viewed by 3217 persons
Loan taken from Dena Bank should be credited to …… *
2 pointsCapital A/cDena Bank A/cCash A/cDena Bank Loan A/c
Overcoming fixed mindset: a step-by-step guide to cultivating a growth mindset
Asked by wiki @ in Health viewed by 1246 persons
Which of the following would best complete this list?
Asked by wiki @ in Social Studies viewed by 715 persons
What had the king decided to do before he saw the spider
Asked by vanshika149 @ in English viewed by 1108 persons
Describe the karez in your own words
Asked by rajesh064 @ in English viewed by 1267 persons
What is 8 + (x + 5)?
Asked by jaylord7 @ in Mathematics viewed by 1064 persons
What is the topic of the info grapher
Asked by jesus643 @ in History viewed by 1357 persons
Elephant kills 11 in nepal , woman rescued from a friendly dolphine
Asked by kavin044 @ in English viewed by 1234 persons
What is the central idea of this excerpt? the goatherd wants the wild goats to join his herd. the bad weather keeps all the goats in their enclosure. the goatherd gives his own goats just enough food to survive. the wild goats leave because the goatherd mistreats his own goats.
Asked by nevaeh10 @ in English viewed by 1518 persons
What is the subject complement in the sentence ‘a long walk up the hill made us tired '
Asked by dog3636R @ in English viewed by 1304 persons
(-3,0);slope =2/3
Asked by timothy2 @ in Biology viewed by 1605 persons
Which is an example of situational irony in "wherefore art thou romeo?”
Asked by noah5213 @ in English viewed by 1542 persons
According to the elements of style, which sentence is written in active voice? the acceptance speech was given by the award winners. the pennants were won by the championship team. a memorable evening was had by all who attended the event. the workers took precautions while digging along power lines.
Asked by elijah67 @ in World Languages viewed by 1494 persons
Most viewed questions in Business
Able, baker, and charles are engaged in the marketing to and enrollment of beneficiaries into medicare health plans. mr. able is an independent agent paid directly by a health plan. ms. baker is an independent agent paid through a field marketing organization (fmo). mr. charles is an independent agent paid for his work by a third-party marketing organization (tmo). how do the cms compensation rules apply to these three agents?
Asked by maham237 @ in Business viewed by 2738 persons
Interest rates are expressed as a percentage of
Asked by maham237 @ in Business viewed by 2110 persons
How to enhance knowledge regarding environmental factors through capsim?
Asked by wiki @ in Business viewed by 1808 persons
Match the job titles with the career clusters.
Asked by maham237 @ in Business viewed by 1481 persons
A company that allows you to license software
Asked by maham237 @ in Business viewed by 1294 persons
What must be marked on ready to eat bags phfs
Asked by maham237 @ in Business viewed by 1172 persons
Henry ford was the first entrepreneur to implement which strategy
Asked by maham237 @ in Business viewed by 1086 persons
Your company was recently served with a lawsuit
Asked by maham237 @ in Business viewed by 1075 persons
Case study starting a business project schedules and curves edgenuity
Asked by maham237 @ in Business viewed by 1067 persons
Which two of the four cs of credit have to do with earning potential and available cash?
Asked by wiki @ in Business viewed by 985 persons
The total annual expenditures on advertising in the united states
Asked by maham237 @ in Business viewed by 972 persons