Which of the following is a fixed payment loan?
A) a home mortgage
B) a U.S. Treasury bill
C) a U.S. Treasury note
D) a zero-coupon bond

Question

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A home mortgage typically involves a fixed payment loan, where the borrower makes regular payments of a fixed amount (including both principal and interest) over a set period of time. The other options listed (U.S. Treasury bill, U.S. Treasury note, zero-coupon bond) are not fixed payment loans, as they do not involve regular payments of principal and interest.

Which of the Following Is a Fixed Payment Loan