An $80,000 Loan Is Amortized by Monthly Payments Over 25

question 12

Multiple Choice

An $80,000 loan is amortized by monthly payments over 25 years. The interest rate charged is 10% compounded semi-annually.
-What will the principal balance be after three years?

• A) $77,400.72
• B) $65,965.72
• C) $78,898.93
• D) $76,532.48
• E) $79,617.86

Know the properties of conductive and insulative materials.

Understand critical electrical laws and definitions, such as Ohm’s law.

Understand the basic components and their functions in a vacuum power brake system.

Identify and explain the standard safety features in modern vehicles, such as ABS and ESC systems.

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Definitions:

Expected Rate Of Return

The anticipated amount of profit or loss an investment generates, based on historical or estimated performances.

Standard Deviation

A measure of the amount of variability or dispersion of a set of values; used in finance to represent the volatility of an investment.

Probability

The measure of the likelihood that an event will occur, expressed as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.