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AAFM Chartered Wealth Manager (CWM) Certification Level II Examination CWM_LEVEL_2 Question # 221 Topic 23 Discussion

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AAFM Chartered Wealth Manager (CWM) Certification Level II Examination CWM_LEVEL_2 Question # 221 Topic 23 Discussion

CWM_LEVEL_2 Exam Topic 23 Question 221 Discussion:
Question #: 221
Topic #: 23

Section A (1 Mark)

A loan where the borrower pays interest each period, and repays some or all of the principal of the loan over time is called a(n) _________ loan.
A.

Amortized

B.

Continuous

C.

Balloon

D.

Pure discount

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Actual exam question for AAFM CWM_LEVEL_2 exam by Vega59112 at Aug 3, 2025, 12:00:00 AM

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