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)no repayment of principal by the borrower to the lender.

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, rather than making periodic interest payments.

A Simple Loan Involves