A Balloon Loan Requires

question 20

Multiple Choice

A balloon loan requires

• A) multiple payments at odd, random intervals.
• B) periodic payments of principle and interest.
• C) a single large payment at the loan's maturity to retire the debt.
• D) a steadily increasing payment (floating balloon) to retire the debt.

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Definitions:

Creativity

The ability to produce original and unusual ideas, or to make something new or imaginative.

Manufacturers

Entities engaged in the conversion of raw materials or components into finished goods through the use of tools, human labor, machinery, and chemical processing.