Which One of the Following Terms Is Defined as a Loan

question 45

Multiple Choice

Which one of the following terms is defined as a loan wherein the regular payments,including both interest and principal amounts,are insufficient to retire the entire loan amount,which then must be repaid in one lump sum?

• A)amortized loan
• B)continuing loan
• C)balloon loan
• D)remainder loan
• E)interest-only loan

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Definitions:

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Kennedy's Assassination

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