complete this quiz to finish the assignment for 25 - 26 personal financial literacy - tyler due on oct 3…

complete this quiz to finish the assignment for 25 - 26 personal financial literacy - tyler due on oct 3, 2025. report an error question 4 of 5 neris takes out a loan for $100,000 to buy a house. she makes 25 payments of $4,000 and asks for the title (ownership papers) to be placed into her name. will neris receive the title and why? no, because she still owes payment penalties no, because she still owes interest yes, because she has paid $100,000 yes, because more than 75% of the principal is paid

complete this quiz to finish the assignment for 25 - 26 personal financial literacy - tyler due on oct 3, 2025. report an error question 4 of 5 neris takes out a loan for $100,000 to buy a house. she makes 25 payments of $4,000 and asks for the title (ownership papers) to be placed into her name. will neris receive the title and why? no, because she still owes payment penalties no, because she still owes interest yes, because she has paid $100,000 yes, because more than 75% of the principal is paid

Answer

Brief Explanations:

Loans typically include principal and interest. Neris paid a total of $25\times4000 = 100000$ which is the principal amount. But usually, a loan payment plan also accounts for interest. Without paying off the interest, she won't get the title.

Answer:

No, because she still owes interest