Alabama Real Estate Practice Exam 2026 - Free Real Estate Practice Questions and Study Guide

Question: 1 / 400

How often are payments made in a biweekly loan?

Once a week

Once a month

Every two weeks

A biweekly loan means payments are made every two weeks, which is equivalent to 26 payments in a year, rather than the usual 12 monthly payments. This is different from the other options because

-A) Once a week is too frequent for a biweekly loan

-B) Once a month is not often enough for a biweekly loan

-D) Twice a year is also not often enough for a biweekly loan, as it would only result in 2 payments in a year instead of 26.

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Twice a year

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