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Answer to Question #317830 in Economics for hay

Question #317830

Name two types of amortized loans. 


1
Expert's answer
2022-03-27T11:01:02-0400

Types of Amortizing Loans

  • Auto loans. An auto loan is a loan taken with the goal of purchasing a motor vehicle.
  • Home loans. Home loans are fixed-rate mortgages that borrowers take to buy homes; they offer a longer maturity period than auto loans.
  • Personal loans.

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