Multiple Choice
A simple loan involves
A) interest payments from the borrower to the lender periodically during the life of the loan.
B) no payment of interest by the borrower to the lender.
C) payment of interest by the borrower to the lender only at the time the loan matures.
D) no repayment of principal by the borrower to the lender.
Correct Answer:
Verified
Correct Answer:
Verified
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