Given the table below what kind of long-term financing most


Given the table below, what kind of long-term financing most likely is being used? Repayment Schedule Year Loan Balance at Start of Year Interest Payment Loan Repayment Total Payment Loan Balance at End of Year 1 $1,000,000 $140,000 $55,000 $195,000 $945,000 2 $945,000 $120,000 $75,000 $195,000 $870,000 3 $870,000 $100,000 $95,000 $195,000 $775,000 4 $775,000 $80,000 $115,000 $195,000 $660,000 5 $660,000 $60,000 $135,000 $195,000 $525,000 6 $525,000 $40,000 $155,000 $195,000 $370,000 7 $370,000 $20,000 $175,000 $195,000 $195,000 8 $195,000 $0 $195,000 $195,000 $0 Select one: a. Lease b. Mortgage c. Long-term note d. Common stock.

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Financial Management: Given the table below what kind of long-term financing most
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