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Which one of the following loans would be most expensive? Please help me answer this question for studying. I don't think it is option b
Which one of the following loans would be most expensive? Please help me answer this question for studying. I don't think it is option b but not sure.
Question 1 options:
a)amortized loan with a balloon payment in four years.
b)amortized loan with equal loan payments
c)amortized loan with a balloon payment in three years.
d)interest-only loan
e)amortized loan with a balloon payment in two years.
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