# A $100,000 loan that is set for a 30-year term is: a short-term loan often set with a high interest rate a long-term loan a low interest rate

2 answers

###### Question:

A $100,000 loan that is set for a 30-year term is:

a short-term loan

often set with a high interest rate

a long-term loan

a low interest rate

a short-term loan

often set with a high interest rate

a long-term loan

a low interest rate

## Answers

A long-term loan for 30-years is a bit long for that amount of money

This is a long-term loan. A loan is considered long term when the debt exceeds one year. In this case, the term is 30 years, so it is a long-term loan.

#### Similar Solved Questions

1 answer

### To reduce your fossil fuel use you can take public transportation instead of A walking B riding a bike C staying home D driving alone in a car

To reduce your fossil fuel use you can take public transportation instead of
A walking
B riding a bike
C staying home
D driving alone in a car...

1 answer

### What were the destinations within Africa for the slave trade? in the Near East? in South Asia?

What were the destinations within Africa for the slave trade? in the Near East? in South Asia?...

1 answer

### 1. The temperature on a winter night in Kansas is - 6 Celsius. The temperature decreases by 8 Celsius. What is the new temperature, in degrees Celsius? *

1. The temperature on a winter night in Kansas is - 6 Celsius. The
temperature decreases by 8 Celsius. What is the new temperature, in
degrees Celsius? *...

1 answer

### Which is the solution set of: 5(x+3)−10x>−10?

Which is the solution set of: 5(x+3)−10x>−10?...

1 answer

### So I answered this question and I got it wrong. The correct answer is in red. Can someone explain me why the correct answer is 140s/the temperature starts to rise? I don't understand it.

So I answered this question and I got it wrong. The correct answer is in red. Can someone explain me why the correct answer is 140s/the temperature starts to rise? I don't understand it. ...

1 answer

### Can I get some help on this problem? Evaluate: 10 to the -6th power Also please explain how you got the answer. Thanks!

Can I get some help on this problem?
Evaluate: 10 to the -6th power
Also please explain how you got the answer. Thanks!...

1 answer

### Assume that you are 30 years old today, and that you are planning on retirement at age 65. Your current salary is $45,000 and you expect your salary to increase at a rate of 5% per year as long as you work. To save for your retirement, you plan on making annual contributions to a retirement account. Your first contribution will be made on your 31st birthday and will be 8% of this year's salary. Likewise, you expect to deposit 8% of your salary each year until you reach age 65. Assume that the ra

Assume that you are 30 years old today, and that you are planning on retirement at age 65. Your current salary is $45,000 and you expect your salary to increase at a rate of 5% per year as long as you work. To save for your retirement, you plan on making annual contributions to a retirement account....

1 answer

### How did Donatello’s life-size statue of a soldier on horseback reflect Renaissance culture?

How did Donatello’s life-size statue of a soldier on horseback reflect Renaissance culture?...

1 answer

### Read the following sentence: When she finally received the good news, Asha's smile was the sun rising to herald a new day. Which poetic device does this sentence use? A. Metaphor O B. Simile C. Alliteration O D. Personification SUBMIT

Read the following sentence:
When she finally received the good news, Asha's smile was
the sun rising to herald a new day.
Which poetic device does this sentence use?
A. Metaphor
O
B. Simile
C. Alliteration
O
D. Personification
SUBMIT...

1 answer

### A girl pushes a 10.0kg sled at a constant speed by applying a force of 75N at an angle of 30 degrees with respect to the horizontal. The sled is pushed over a distance of 15 meters. How much work is done by the force of friction?

A girl pushes a 10.0kg sled at a constant speed by applying a force of 75N at an angle of 30 degrees with respect to the horizontal. The sled is pushed over a distance of 15 meters. How much work is done by the force of friction?...

1 answer

### Explain how have some people been affected by the media's hype on youth and beauty?

Explain how have some people been affected by the media's hype on youth and beauty?...

1 answer

### A circle has a radius of 10 inches. Find the approximate length of the arc intersected by a central angle of 2(pi)/3

A circle has a radius of 10 inches. Find the approximate length of the arc intersected by a central angle of 2(pi)/3...

1 answer

### List three values that would make this inequality true 65 greater than 15x

list three values that would make this inequality true 65 greater than 15x...

1 answer

### Land held for possible plant expansion would be included as an operating asset when computing return on investment (ROI). A. True B. False

Land held for possible plant expansion would be included as an operating asset when computing return on investment (ROI).
A. True
B. False...

1 answer

### Solve for the variable in the following proportion 36/?=12/2

Solve for the variable in the following proportion 36/?=12/2...