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Question 310 - CTFA discussion

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A loan that is repaid in a series of fixed, scheduled payments rather than a lump-sum is referred to as:

A.
Single payment loan
Answers
A.
Single payment loan
B.
Mortgage loan
Answers
B.
Mortgage loan
C.
Installment loan
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C.
Installment loan
D.
College savings plan
Answers
D.
College savings plan
Suggested answer: C
asked 16/09/2024
Tracy Sampson
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