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Balloon auto loans allow a borrower to repay only part of the principal of the loan over its term, reducing the monthly repayments in exchange
Balloon auto loans allow a borrower to repay only part of the principal of the loan over its term, reducing the monthly repayments in exchange for owing the lender a lump sum at the end of the loan term. True O False
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Analysis for Financial Management
Authors: Robert Higgins
11th edition
77861787, 978-0077861780
