Which will have a larger final (maturity date) payment, a bullet loan or an Amortized loan? Assume both have the same am

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answerhappygod
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Which will have a larger final (maturity date) payment, a bullet loan or an Amortized loan? Assume both have the same am

Post by answerhappygod »

Which will have a larger final (maturity date) payment, a bullet
loan or an Amortized loan? Assume both have the same amount being
borrowed, with the same maturity date and interest rate on the
loan.
Amortized loan
Not enough information to determine the answer
Bullet loan
Both will have the same payment
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