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    Exam 10: Financing
  5. Question
    A Loan in Which Level Payments Are Made Throughout the Life
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A Loan in Which Level Payments Are Made Throughout the Life

Question 1

Question 1

Multiple Choice

A loan in which level payments are made throughout the life of the loan is called:


A) an amortized loan
B) a conventional loan
C) a straight loan

Correct Answer:

verifed

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