Timmothy Ltd. Obtained A Loan From The Bank For $120,000 And Is Required To Repay The Loan With Monthly Payments Of $3,500. This Type Of Loan Is An Example Of Which One Of The Following? A. Fixed Principal Payment B. Bond Payment C. Fixed Interest Payment D. Blended Payment
Timmothy Ltd. obtained a loan from the bank for $120,000 and is required to repay the loan with monthly payments of $3,500. This type of loan is an example of which one of the following?

a.

fixed principal payment

b.

Bond payment

c.

fixed interest payment

d.

blended payment