What type of loan requires both principal and interest payments as you go by making equal payments each period?

A) Amortized loan
B) Interest-only loan
C) Discount loan
D) Compound loan

Answer: A

Business

You might also like to view...

What is the marking concept?

What will be an ideal response?

Business

James Kouzes and Barry Posner identify 5 key behaviors of leaders. These behaviors include which of the following?

A) Model the way B) Encourage the heart C) Enable others to act D) Treat others respectfully, fairly, and ethically E) Clear obstacles F) Inspire a shared vision G) Challenge the process H) Focus on sustainability I) Create strategic direction J) Develop good judgement K) Support personal development

Business