Question: Ramirez Wellness borrowed $ 1 5 0 , 0 0 0 for five years and is now making monthly payments that include both principal and

Ramirez Wellness borrowed $

150, 000

for five years and is now making monthly payments that include both principal and interest. Paying off the debt by making installment payments, such as this firm is doing, is referred to as:

Question

9

options:

amortizing the debt.

calling the debt.

doing an interest

-

only loan.

doing a pure discount loan.

refunding the debt.

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