Determining the type of amortization loan, Finance Basics

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Determining the type of amortization loan

A loan for $500,000 is negotiated, for an annual rate of 11%, and a 15-year term with monthly payments. A payment in the amount of $5,500 is negotiated. What type of amortization loan is this?

a. Partial amortization

b. Full amortization

c. Zero amortization

d. Negative amortization

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Finance Basics: Determining the type of amortization loan

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Finance Basics: Determining the type of amortization loan

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Recent Questions Asked Finance Basics

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Ask an Expert for Answer!!

Finance Basics: Determining the type of amortization loan

Reference No:- TGS052174

Recent Questions Asked Finance Basics

Q : Estimate the maximum price per share

Q : Long-term investment in bonds problem

Q : Bond yield to maturity-yield to call

Q : Equity method to business consolidation

Q : Determining the type of amortization loan

Q : Determining the external financing

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