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GoodMad_ GoodMad_
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7 years ago
A balloon payment is one that
A) is a "floating" payment, meaning the lender can demand its payment at any time.
B) is paid at the outset of a loan.
C) includes all interest on the loan paid in advance.
D) is usually the last installment payment and generally for an amount much greater than the other monthly payments.
Textbook 
Personal Finance: An Integrated Planning Approach

Personal Finance: An Integrated Planning Approach


Edition: 8th
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imoyseimoyse
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7 years ago
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GoodMad_ Author
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#2
7 years ago
Another one bites the dust, as in, it's right Smiling Face with Open Mouth
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