Which of the Following Is True for Fixed Principal Commercial

question 33

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 bank provides the borrower with an amortization schedule with a fixed interest fixed

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

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