A 20 Percent Annual Interest Rate on a $10 000

question 18

True/False

A 20 percent annual interest rate on a $10 000 loan amortized over five-years would result in interest charges of $10 000.

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Definitions:

Sediment

Particles of rock, mineral, or organic material deposited by water, wind, or ice.

Vertical Crack

A fracture or break in rock extending in an up-and-down direction.

Fault Scarp

A steep slope or cliff formed by the movement of a fault during an earthquake, indicating the relative displacement of the Earth's surface.

Topography

The arrangement of natural and artificial physical features of an area, including its relief, and the positions of streams, hills, and valleys.