A Rule to Determine What Proportion of Each Loan Payment

question 73

Multiple Choice

A rule to determine what proportion of each loan payment is principal and interest is

• A)the law of 72.
• B)the N-ratio method.
• C)the rule of 78.
• D)the principal-interest mix.
• E)the add-on method.

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Definitions:

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A Scottish economist, philosopher, and author who is considered the father of modern economics and is best known for his book "The Wealth of Nations."

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