Question

Method of repayment of loan is called

a) mode of payment b) method of payment

c) mode of repayment d) none of these​

Answer 1

Answer:

Many loans are repaid by using a series of payments over a period of time. ... This payment of a portion of the unpaid balance of the loan is called a payment of principal. There are generally two types of loan repayment schedules - even principal payments and even total payments.

Answer 2

Answer:

Method of repayment of loan is called

a) mode of payment b) method of payment