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.

---

Definitions:

Rotary Actuator

Device that converts fluid flow into incremental rotary motion as opposed to continuous cycle rotary motion.

Hydraulic Hose

A flexible line in a hydraulic system that carries high-pressure fluid for operating various hydraulic components.

Highest Pressures

The maximum level of pressure that a system, container, or fluid can withstand safely during operation.

Spiral Wire Braid

A type of reinforcement used in hoses or cables, consisting of a spiral wrap of wire to provide strength.