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The interest payments are low at the beginning of a loan amortization. True O False...

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The interest payments are low at the beginning of a loan amortization. True O False QUESTION 10 A credit card is a type of revolving line of credit. O True O False QUESTION 11 A financing company is regulated by the SEC and a lending company is regulated by the BSP. O True O False QUESTION 12 Pawn shops issue loans without necessarily doing a background check on the borrower. O True O False QUESTION 13 An obligation will be amortized by monthly installments of PHP 5,250 for 8 years and 8 months with interest rate of 896. Find the outstanding principal just after the 68th payment. QUESTION 14 A farmer goes to a financial institution to get an agricultural loan, he offers a parcel of land that he only rents. The financial institution accepts this type of collateral. O True O False

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