Which of the Following Is True for Fixed Principal Commercial

question 1

Multiple Choice

Which of the following is true for Fixed Principal Commercial Loans?

• A)The bank calculates the total interest due even on variable interest loans.
• B)The borrower does not have to make a down payment.
• C)The borrower will probable be required to make a 20 percent down payment.
• D)The bank provides an amortization schedule with a variable interest loan.

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Definitions:

Fund

A sum of money saved or made available for a particular purpose.

Net Incomes

The total earnings or profit of an individual or business after taxes and deductions have been accounted for.

Contributions

The act of giving or donating something, such as time, money, or resources, to a cause or purpose.

Sorority Sock Hop

A themed dance event traditionally organized by a sorority, often characterized by sock-wearing and nostalgia for 1950s music and dance styles.