Scientists Often Work with a Model of a System Rather

question 11

True/False

Scientists often work with a model of a system rather than experimenting on the "real thing."

---

Definitions:

Principal

The person (client) for whom a service is performed. Amount that is borrowed using credit.

Second Mortgage

A type of subordinate mortgage made while an original mortgage is still in effect, securing the collateral by the same property.

Amortized Loan

A loan with scheduled periodic payments that cover both interest and principal over a specific time period.

Monthly Mortgage Payment

The amount that is paid each month by a borrower to a lender for a home loan, which often includes principal, interest, taxes, and insurance.