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In Java, each class must be a(n) __________.
Amortized Loans
Loans that are paid off over time through a series of fixed, regular payments where part of each payment covers the interest expense and the remaining amount reduces the principal balance.
Balloon Payment
A large, one-time payment made at the end of a loan term to pay off the remaining balance, typically used in mortgage or bond agreements.
Principal
The initial amount of money borrowed or invested, excluding any interest or dividends.
Interest-Only Loan
A loan where the borrower pays only the interest on the principal balance for a set term while the principal amount remains unchanged.
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