Examlex

Solved

You Have to Make a Balloon Payment on Your House

question 44

Multiple Choice

You have to make a balloon payment on your house five years from now of $15,000.If money can earn a average of 6 percent a year for the five year period,how much interest will you earn on your deposit in five years?


Definitions:

Government Securities

Debt instruments issued by a government to raise funds from the public.

Related Questions