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
B. Mortgage loan
C. Installment loan
D. College savings plan
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
B. Mortgage loan
C. Installment loan
D. College savings plan