An amortized loan is one that requires the borrower to a. make monthly principal and interest payments.
Question:
An amortized loan is one that requires the borrower to
a. make monthly principal and interest payments.
b. pay off the balance of the loan early.
c. make at least a 20 percent down payment.
d. pay interest rates which are 2 percentage points over the prime interest rate.
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ISBN: 9780894648847
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Authors: Bruce D. Wells, Alexander T.; Chadbourne
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