A balloon loan requires
A) multiple payments at odd, random intervals.
B) periodic payments of principle and interest.
C) a single large payment at the loan's maturity to retire the debt.
D) a steadily increasing payment (floating balloon) to retire the debt.
C
You might also like to view...
Which statement is true concerning Homeowners policies?
A) Coverage is not provided to a garage rented for private garage purposes. B) Coverage is provided to property of boarders not related to the insured. C) Property that has been borrowed meets the definition of contents. D) Dwellings under construction are covered for theft.
The document used to form the relationship between the agent and the principal is a
A) open listing. B) listing agreement with a seller or a buyer representation agreement with a buyer. C) facilitations contract. D) lease.