what type of loan is characterized by payments that include both interest and principal, but they are insufficient to completely pay off the entire principal by the time the loan is due? group of answer choices

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13-09-2022
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what type of loan is characterized by payments that include both interest and principal, but they are insufficient to completely pay off the entire principal by the time the loan is due? group of answer choices

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Tutorconsortium353 Tutorconsortium353 · Answer 1 · 2022-09-15T15:35:24+02:00

Balloon Loan is the loan in which the borrower pays installment of principal with the amount of interest and at the end of the tenure of the loan the large payment is made to discharge the loan. In balloon loan the amount are paid.

What kind of loan has a repayment plan that is insufficient to pay it off over the course of the loan's term?

A loan that is negatively amortizing, also known as a negative amortization loan or a negative amortized loan, has a payment structure that enables the borrower to make a scheduled payment that is lower than the interest rate on the loan.

What kind of payment arrangement enables periodic interest-only payments with full principal repayment at the conclusion of the term?

loan not amortizing

Non-amortizing loans are a particular kind of loan where the principal is paid in a single lump sum. As a result, over the course of the loan, the principal's value does not diminish in any way. Interest-only loans and balloon loans are common examples of non-amortizing loans.

To Know more about a Balloon Loan

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