A constant payment loan with payments consisting of principal and interest is called A. an amortized loan. B. a complementary loan. C. a discounted loan. D. a fixed rate loan. E. a capital loan.
Net worth is a measure of A. managerial ability.
B. financial position. E. All of the above 63. A. 2.80 B. 3.08 C. 6.57 D. 8.00 E. None of the above 65. To consider the time value of money in analyzing alternative farm investments, one should choose the investment with the A. highest net present value. B. largest net cash flow over the lifetime of the investment.