The Term "Burgher" Referred to a Person Who

question 11

Multiple Choice

The term "burgher" referred to a person who

• A)lived in the countryside.
• B)lived in a town or city.
• C)was a foreigner that lives in a town.
• D)was a landowner who spent part of the year in the city.
• E)was a serf who escaped to the city.

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Definitions:

Compounded Monthly

A method of interest calculation where the interest earned each month is added to the principal, thus earning more interest in the following month.

Compounded Monthly

The process of calculating interest on the initial principal and the accumulated interest from previous periods monthly.

Amortized

The steady decrease of an owed sum through consistent payments towards both the interest and the principal over a set duration.

Total Debt Service Ratio

A debt measurement ratio that calculates an individual's total debt payments relative to their gross income.