Finance Assignment | Professional Writing
1. When amortizing a note payable each payment includes an interest portion and a principle portion. Which of the following statements is correct?
A. the interest portion will increase over time
B. the principle portion will increase over time
C. the total payment will increase over time
D. the current portion of debt will be equal to the next year’s total payments.
2. Which of the following is an unsecured loan certificate issued by a company and backed by the general credit of the company?
A. a secured line-of-credit
B. a mortgage-backed security
C. a subordinated indenture
D. a debenture
Get Finance homework help today