Question
A loan that calls for periodic interest payments and a lump sum principal payment at the end of the loan period is referred to as
A loan that calls for periodic interest payments and a lump sum principal payment at the end of the loan period is referred to as a(n) _____________ loan.
| amortized | ||
| interest-only | ||
| balloon | ||
| modified | ||
| pure discount |
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Small Business Finance And Valuation
Authors: Rick Nason, Dan Nordqvist
1st Edition
1952538122, 9781952538124
