A type of long-term financing which has become popular because initial payments are lower due to no principal being paid, is called a (n)

A) amortized loan
B) balloon loan
C) package loan
D) interest-only loan

Answer: B) balloon loan

Business

You might also like to view...

An important advantage of a corporate form of ownership is the reduction of stockholder liability

Indicate whether the statement is true or false

Business

Discuss the challenges involved in forecasting exchange rates

What will be an ideal response?

Business