Gene and Margaret borrowed $297,000, payable interest only, for five years. At the maturity of the loan, the full amount borrowed is due. This is known as a/an:

a. straight note
b. partially amortized note
c. amortized note
d. fixed interest note

Answer: a. straight note

Business

You might also like to view...

Which of the following communication barriers is due to a lack of similar life happenings?

a. cultural b. emotional c. experiential d. perceptual

View
Business

In OLAP, the characteristic of a measure is called a ________

A) level B) dimension C) slice D) member

View
Business