A Pure Discount Loan Can Be Defined As

A pure discount loan can be defined as:

A) the present value of a stream of payments to be paid over a period of time in the future
B) the present value of a series of interest payments plus one single principal payment in the future
C) the present value of a single lump sum to be repaid at some time in the future
D) the single lump sum future value of a series of payments over a stated period of time
E) the future value of a series of interest payments plus one single loan amount paid at the beginning of the period