Unlock and Upgrade

Remove all limits from your Quizzes

You've reached the limit of our free version but can immediately unlock and go pro.

Continue No thanks

Make your own Quiz

Make your own Quiz Copy & Edit

Make your own quiz Manage my Quizzes Plans / Features Guides and Help Contact Privacy & Security

LOANS: HOW MUCH DO YOU KNOW?

Over the course of a loan, the monthly payment stays the same while the interest payment increases and the principle payment decreases.

True

False

The monthly payment is split into:

A. Interest & Principle Payments

B. Interest & Amortization Payments

C. Interest & Appreciation Payments

D. Interest & Cash Payments

Amortization and loan Life/Term are NOT the same.

True

False

If I default but my loan is secured by my business, the bank can't take my home.

True

False

If I pay my loan off early, the banks will not charge me a penalty.

True

False

Interest rates for CNC Machines are typically __________ rates for real estate.

A. The same as

B. Higher than

C. Lower than

D. None of the above

CNC Machines appreciate in value over time.

True

False

The people who need to borrow money the least get the worst terms and interest rates.

True

False

When deciding on a loan, 0% APR for 12 months is a good offer.

True

False

If I have a fixed interest rate, I won't have a balloon loan.

True

False

{"name":"LOANS: HOW MUCH DO YOU KNOW?", "url":"https://www.quiz-maker.com/QPREVIEW","txt":"Over the course of a loan, the monthly payment stays the same while the interest payment increases and the principle payment decreases., The monthly payment is split into:, Amortization and loan Life\/Term are NOT the same.","img":"https://www.quiz-maker.com/3012/images/ogquiz.png"}