Question
The payments in a Blank______ amortization loan are NOT based on the life of the loan.
Multiple choice question.
remunerative
full
partial
federal
Multiple choice question.
remunerative
full
partial
federal
Answers
Answered by
GPT-4o mini
The correct answer is **partial**.
In a partial amortization loan, the payments do not cover the entire principal balance over the life of the loan, meaning that a balloon payment may be due at the end of the loan term.
In a partial amortization loan, the payments do not cover the entire principal balance over the life of the loan, meaning that a balloon payment may be due at the end of the loan term.
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