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Question (U.> points) The payment made each period on an amortized loan is constant, and...

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Question (U.> points) The payment made each period on an amortized loan is constant, and it consists of some interest and some principal. The closer we are to the end of the loan's life, the greater the percentage of the payment that will be a repayment of principal. True False Question 10 (0.5 points) If we are given a periodic interest rate, say a monthly rate, we can find the nominal annual rate by dividing the periodic rate by the number of periods per year. True False Question 11 (0.5 points) Your aunt has $760,000 invested at 5.5%, and she now wants to retire. She wants to withdraw $45.000 at the beginning of each year, beginning immediately. She also wants to have $50,000 left to give you when she ceases to withdraw funds from the account. For how many years can she make the $45.000 withdrawals and still have $50,000 left in the end? 41.13 39.50 40.72 39.10 45.61

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