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) payment only of principal by the borrower to the lender at maturity.

Question

Quizplus · Accepted Answer

In a simple loan, the borrower pays the interest along with the principal amount only at the time the loan matures.

A Simple Loan Involves