When Monthly Payments Are Not Sufficient to Pay the Interest

question 72

Short Answer

When monthly payments are not sufficient to pay the interest due and the difference is added to the loan balance, this is called ____________________ amortization.

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Definitions:

Receiver/Dryer

Performs three functions on liquid refrigerant in the refrigeration cycle: filters particles, removes moisture, and stores a small amount of the liquid refrigerant until needed in the system evaporator.

Air Conditioning System

A mechanism designed for controlling the temperature, humidity, and overall air quality in an enclosed space.

Expansion Valve

Restricts the flow of the refrigerant in an A/C circuit, which lowers its pressure as it exits the valve.