Personal Finance, 4e (Madura)

6) In determining the amount of your loan, you should ask for about 20% more than you need in order to give yourself financial flexibility in the future. Answer: FALSE. Diff: 2 Page Ref: 226. Question Status: Existing/Old. 7) On an amortization schedule, more interest and less principle is paid each month as the loan matures. Answer: FALSE ................
................