In a single, end-of-period payment loan ________.
A) pay no interest on the loan and pay back the principal in one lump sum at the beginning of the loan
B) pay no interest on the loan and pay back the principal in one lump sum at the end of the loan
C) pay interest on the loan and pay back the principal in one lump sum in the beginning of the loan
D) pay interest on the loan and pay back the principal in one lump sum at the end of the loan
Correct Answer:
Verified
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