Provide an Appropriate Response $- \frac { 1 } { 29 }$

question 305

Multiple Choice

Provide an appropriate response.
-Find the reciprocal of $- \frac { 1 } { 29 }$ .

• A) 29
• B) \(\frac { 1 } { 29 }\)
• C) 1
• D) \(- 29\)

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Definitions:

Loan to Value Ratio

A financial term employed by lenders that denotes the ratio between a loan amount and the value of an asset acquired.

Down Payment

An initial payment made when something is bought on credit.

Compounded Quarterly

A method of calculating interest where it is added to the principal amount every three months.

Amortized

The process of paying off a debt through regular payments over a period of time, where each payment covers both interest and a portion of the principal amount.