Question: gradually decreasing or gradually increasing or constant (The same correct answer may be repeated more than once.) INTEREST-ONLY LOANS. For these loans, the loan balance

gradually decreasing or gradually increasing or constant

(The same correct answer may be repeated more than once.) INTEREST-ONLY LOANS. For these loans, the loan balance is gradually decreasing over the TYPES LOANS duration of the loan. AMORTIZING LOANS WITH FIXED TOTAL PAYMENTS. This is the most common type of consumer loans which is used, for example, for home mortgage loans and car loans. In this type of loans, over the duration of the loan, the total monthly loan payment is [Select]

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