Question: An installment note differs from an interest - only note in that it requires the borrower to Blank _ _ _ _ _ _ .

An installment note differs from an interest-only note in that it requires the borrower to Blank______.
Multiple choice question.
pay equal amounts over the note's life to maturity with each payment consisting of interest and principal
make a balloon payment each month
make a balloon payment at maturity
pay the interest accrued over the life of the note and principal at maturity

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