Which One of the Following Is True Concerning Amortized Loans

question 128

Multiple Choice

Which one of the following is true concerning amortized loans?

• A) A loan where annual payments include the interest due plus some set amount of principal is an amortized loan.
• B) Amortized loans all have a balloon payment at the end of the loan term.
• C) Amortized loan payments consist of interest only.
• D) An amortized loan requires only one lump sum payment at the end of the loan term.
• E) An amortized loan is a type of a pure discount loan.

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