Please match to the following. Amortized Loan Interest-only Loan Treasury Bill P

Question

Please match to the following.

Amortized Loan
Interest-only Loan
Treasury Bill
Pure Discount Loan

1 : is usually a pure discount loan issued by the US government.
2 : Corporate bonds are usually issued as this form of loans.
3 : You borrow $3,000 from your bank at 10% interest. You will make no payments for two months but will return the full amount plus interest at the end of three months.
4 : obtained a 5-year loan from your bank to buy a new machine. You will pay $500 per month to cover both interest and principal.

Explanation / Answer

1. Treasury Bill 2. Interest-only Loan 3. Pure Discount Loan 4. Amortized Loan

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