Answer to Question #320321 in Finance for anna

Question #320321

What does the difference 𝐿0−𝐿12 represent?

a.

The interest paid in the first year of the loan.

b.

The principal repaid in the first year of the loan.

c.

The principal repaid in the first 12 years of the loan.

d.

None of the other choices are correct


1
Expert's answer
2022-04-01T16:35:04-0400

a.


The interest paid in the first year of the loan.


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