 #1 (permalink) Sat Nov 13, 2004 17:03 pm Capital vs. bulk |
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Test No. incompl/advan-11 "Finance", question 6
When you take out a large loan over many years, you don't start paying off the ......... for some time.
(a) main
(b) chief
(c) capital
(d) bulk
Test No. incompl/advan-11 "Finance", answer 6
When you take out a large loan over many years, you don't start paying off the capital for some time.
Correct answer: (c) capital
Your answer was: incorrect
When you take out a large loan over many years, you don't start paying off the bulk for some time.
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In reality, you pay some principal with the very first payment you make, but to pay the bulk of your loan would require you to make payments for a long time or more than half of the amortization period! |
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Steve
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