Which of the Following Is True for Fixed Principal Commercial

question 2

Multiple Choice

Which of the following is true for Fixed Principal Commercial Loans?
I.The interest rate may be fixed or variable.
II.The principal payment remains the same for the duration of the loan.
III.The bank calculates the payment due each month with a variable interest loan.
IV.The bank calculates an amortization schedule with a variable interest loan.
V.The banks provides the borrower with an amortization schedule with a fixed interest fixed principal loan.

• A)I,II,IV & V
• B)I,II,III & IV
• C)I,II,III & V
• D)I,III,IV & V
• E)All of the above are true.

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Definitions:

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The principle that individuals should not be discriminated against or receive unequal treatment based on their race.

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