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1. What is the difference between a fully amortized loan and a straight-line amortized loan? 2. What is a straight or term loan? 3. Why

1. What is the difference between a fully amortized loan and a straight-line amortized loan?
2. What is a straight or term loan?
3. Why is a graduated payment mortgage sometime appealing to young, less affluent buyers?
4. What is a partially amortized loan and a balloon payment?
5. Why is a negative amortization plan so risky?

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