Question
Which will have a larger final (maturity date) payment, a bullet loan or an Amortized loan? Assume both have the same amount being borrowed, with
Which will have a larger final (maturity date) payment, a bullet loan or an Amortized loan? Assume both have the same amount being borrowed, with the same maturity date and interest rate on the loan.
| Amortized loan | ||
| Not enough information to determine the answer | ||
| Bullet loan | ||
| Both will have the same payment |
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Fundamentals Of Multinational Finance
Authors: Michael H. Moffett, Arthur I. Stonehill, David K. Eiteman
4th Edition
9780132138079
