A(n) _ shows you the schedule of payments on a loan and the total interest and payments at the end of the loan.
A. payoff table
B. amortization table
C. payment table
D. interest table
Secured debts must have _.
A. collateral
B. real property
C. low interest rates
D. certified lenders
You are purchasing a car for $12,985.00 with the help of your parents. How much interest is saved in the first month by you using their good credit rating compared to your fair credit rating?
A. $14.61
B. $54.15
C. $15.15
D. $69.25
(Secured APR for good credit is 5.00%, and for the unsecured APR it is 5.90%. Secured APR for fair credit is 6.40%, and for unsecured APR it is 7.25%.)