Homework Help: Homework Check

Posted by Ariel on Monday, September 27, 2010 at 9:26pm.

1.)In a(n) _________ , simple interest is added on to the amount borrowed and the total is repaid in equal installments.
a.)Monthly installment plan
=b.)add on plan
c.)Single-payment plan

2.)In a(n) _________ , interest is charged on the unpaid part of the loan, and the loan is repaid in equal monthly installments.
=a.)Monthly installment plan
b.)add on plan
c.)Single-payment plan

Homework Check - Latufah, Friday, October 29, 2010 at 12:29am
Add on Plan

Answer this Question

Related Questions

math - In a(n) _________ , simple interest is added on to the amount borrowed ...
Maths - Solve the problem. Assume that simple interest is being calculated. ...
algebra - an individual has two low interest loans, one at 4% interest and the ...
Applied College Msthematics - jennifer stemberg borrowed money to buy a car at ...
math - Sal borrowed $2,000 for six months at 11.5% simple interest. What was ...
Consumer math !!!! please check - Determine the total in Dexter's account ...
buissness math - Determine the total in Dexter's account after the second ...
Business Math - October 17, I borrowed $6,000.00 at a rate of 4%. I have to ...
algebra - A total of $6200 is deposited into two simple interest accounts. On ...
QM - I have borrowed a sum of $150000 for buying house at 12% simple interest ...

For Further Reading

First Name:
School Subject:
Answer: