Question: An installment note differs from an interest-only note in that it requires the borrower to ______. Multiple choice question. make a balloon payment at maturity

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

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