alexandraguevara alexandraguevara
  • 03-03-2020
  • Mathematics
contestada

3. When making an extra payment on an amortized loan, where does the extra money go?

Respuesta :

shadowfamilyking
shadowfamilyking shadowfamilyking
  • 03-03-2020

i would think it goes to them or like the bank

Answer Link
sunainashaheen
sunainashaheen sunainashaheen
  • 03-03-2020
extra payment made reduces the amount of interest and shorten the amortization, as long as the payment goes towards the principal, and not the interest
Answer Link

Otras preguntas

5/9 divided by 20/27
In a collection of marbles, 4/25 are purple. Which model shows the percent of purple marbles
if a molecule is taking up more space is it gaining or losing energy explained ​
what is z = to in 2/3xz=1 1/9
Solve 8 − |2x − 1| ≥ 6. State your answer in interval notation
Jim works mowing lawns and babysitting. He earns $9.40 an hour for mowing and $7.70 an hour for babysitting. How much will he earn for 1 hour of mowing and 4 ho
For a synapse to work correctly, _____. a. a neurotransmitter must be removed or inactivated b. the action potential must be lowered c. a neurotransmitter
Which of the following properties is represented by (ab)c = a(bc)? Associative Property of Addition Commutative Property of Multiplication Distributive Property
On​ average, people of a certain country spend 22.6 hr per month watching videos on a computer or on a television. They spend 2.9 more hours watching videos on
How did American businesses expand in the 1950'S​