Which of the following is NOT a fixed-payment loan?
A) mortgage
B) car loan
C) student loan
D) corporate bond

Question

Quizplus · Accepted Answer

Corporate bonds are not fixed-payment loans. They are debt securities issued by corporations, where the borrower receives a fixed interest rate, but the repayment of the bond principal is not in the form of fixed payments. Instead, the borrower repays the full principal amount at the maturity of the bond. Mortgages, car loans, and student loans are all examples of fixed-payment loans, where borrowers pay a fixed amount of money over the loan's term.

Which of the Following Is NOT a Fixed-Payment Loan