The Principle Amount of an Interest-Only Loan Is

question 84

Multiple Choice

The principle amount of an interest-only loan is:

• A) Never repaid.
• B) Repaid in equal increments and included in each loan payment.
• C) Repaid in full at the end of the loan period.
• D) Repaid in equal annual payments even when the loan interest is repaid monthly.
• E) Repaid in increasing increments and included in each loan payment.

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