An Installment Loan Is a Loan That Requires a Borrower

An installment loan is a loan that requires a borrower to pay

A) periodic payments over the repayment period including both principal and interest.
B) interest at the beginning of the loan and the principal at the end of the loan period.
C) periodic payments over the repayment period equal to the loan amount divided by the number of periods.
D) interest-only payments during the repayment period and the principal at the end of the loan period.