Video Check 1.6

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Video Check 1.6

Last Name *

First Name *

Period *

The process of paying back a loan with interest is called... *

25 points

emigration

refinancing

amortization

debt forgiveness

How do you calculate the amount of total interest paid on a loan? *

25 points

principal times interest rate

total repayments minus amount borrowed

distance divided by time

revenues minus expenses

In order to calculate your monthly payments on a loan, you can create a ... *

25 points

right triangle

balance sheet

table of repayments

schedule of interest

In the video, what mode on your calculator allows you to calculate monthly payments? *

25 points

Financial

Graphing

Statistics

Geometry

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