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AFP CTP Question # 116 Topic 12 Discussion

CTP Exam Topic 12 Question 116 Discussion:
Question #: 116
Topic #: 12

An arrangement in which a borrower makes periodic payments to a separate custodial account that is used to repay debt is known as a:


A.

sinking fund


B.

balloon payment


C.

mortgage


D.

zero-coupon bond


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