When you pay off the principal and all of the interest at one time at the maturity date of the loan, we call this type of loan a(n):
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A. amortized loan. |
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B. interest-only loan. |
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C. discount loan. |
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D. compound loan. |
When you pay off the principal and all of the interest at one time at the maturity date of the loan, we call this type of loan a(n)