ashleymer384
10.01.2020 •
Business
What type of note calls for interest payments during the term of the loan, with principal due at the end of the loan?
a. amortized loan
b. straight term loan
c. balloon wraparound loan
d. installment loan
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Ответ:
The correct answer is letter "B": Straight-term loan.
Explanation:
With a straight-term loan, the borrower only pays the amount of interest during the life of the loan, paying the principal by the end of it. There are some cases in which the principal is set to be paid in one lump at a specific time in the future not necessarily being along with the last installment of the loan.
Ответ:
anyways thanks for the points lol