Given 5 and 30 Year Loans with the Same Interest

question 43

Multiple Choice

Given 5 and 30 year loans with the same interest rate, the 30 year loan results in more of each payment being directed toward principal.

• A)True
• B)False

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Definitions:

σ Bonds

The strongest type of covalent chemical bond, formed by the head-on overlapping of atomic orbitals.

Compound

A substance made up of two or more elements chemically bonded together in a fixed ratio.

Resonance Form

One of two or more Lewis structures for a molecule that differ only in the position of electrons, not the position of nuclei.

Hybridization

A model explaining the bonding structure of molecules based on the mixing of atomic orbitals into new hybrid orbitals.