Question 12 B. Checkout | Booking.com Not yet answered Marked out of 3.00 Flag question Amy is a university student who has the following financial information. She would like your help in figuring her surplus or deficit for last year. Income from a part-time job: $5,000 Support from parents: $3,500 Scholarship: $1,200 Savings account balance: $1,250 Fixed expenses: $4,000 Variable expenses: $3,500 Credit card balance: -$800 What is Amy's surplus or deficit? Select one: a. $2,200 b. $1,000 c. $1,250 d. $2,650 Blue Bird Group- Golden B Question 8 Not yet answered Marked out of 3.00 Flag question Suppose you have a $10,000 car loan to be amortized over 3 years, with annual end-of- year payments. Which of the following statements is CORRECT? Select one: a. The amount of each annual repayment would increase if the interest rate were higher. b. The proportion of interest payment versus principal repayment would be the same for each of the three annual payment. C. The last annual repayment would have a higher proportion of interest than the first payment. d. The proportion of each annual payment towards interest payment as opposed to repayment of outstanding principal would be higher if the interest rate were higher.
Question 12 B. Checkout | Booking.com Not yet answered Marked out of 3.00 Flag question Amy is a university student who has the following financial information. She would like your help in figuring her surplus or deficit for last year. Income from a part-time job: $5,000 Support from parents: $3,500 Scholarship: $1,200 Savings account balance: $1,250 Fixed expenses: $4,000 Variable expenses: $3,500 Credit card balance: -$800 What is Amy's surplus or deficit? Select one: a. $2,200 b. $1,000 c. $1,250 d. $2,650 Blue Bird Group- Golden B Question 8 Not yet answered Marked out of 3.00 Flag question Suppose you have a $10,000 car loan to be amortized over 3 years, with annual end-of- year payments. Which of the following statements is CORRECT? Select one: a. The amount of each annual repayment would increase if the interest rate were higher. b. The proportion of interest payment versus principal repayment would be the same for each of the three annual payment. C. The last annual repayment would have a higher proportion of interest than the first payment. d. The proportion of each annual payment towards interest payment as opposed to repayment of outstanding principal would be higher if the interest rate were higher.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Question 12
B. Checkout | Booking.com
Not yet answered Marked out of 3.00 Flag question
Amy is a university student who has the following financial information. She would like
your help in figuring her surplus or deficit for last year.
Income from a part-time job:
$5,000
Support from parents:
$3,500
Scholarship:
$1,200
Savings account balance:
$1,250
Fixed expenses:
$4,000
Variable expenses:
$3,500
Credit card balance:
-$800
What is Amy's surplus or deficit?
Select one:
a. $2,200
b. $1,000
c. $1,250
d. $2,650
Blue Bird Group- Golden B
Transcribed Image Text:Question 8
Not yet answered Marked out of 3.00
Flag question
Suppose you have a $10,000 car loan to be amortized over 3 years, with annual end-of-
year payments. Which of the following statements is CORRECT?
Select one:
a. The amount of each annual repayment would increase if the interest rate were higher.
b. The proportion of interest payment versus principal repayment would be the same for each of the three
annual payment.
C.
The last annual repayment would have a higher proportion of interest than the first payment.
d. The proportion of each annual payment towards interest payment as opposed to repayment of outstanding
principal would be higher if the interest rate were higher.
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