Register

A Consumer with a 10 years loan, will have to make 125 payments. A. True B. False

A Consumer with a 10 years loan, will have to make 125 payments. A. True B. False
41.6k views
3 votes
A Consumer with a 10 years loan, will have to make 125 payments.
A. True
B. False

User Aaron Beall
by
8.0k points

1 Answer

1 vote

Answer:

False

Explanation:

Assuming monthly payments

12 payments per year X 10 years = 120 payments

User Dekel Maman
by
7.4k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!