What Is the Type of Loan Where the Entire Interest

question 46

Multiple Choice

What is the type of loan where the entire interest charge is subtracted from the loan principal before you receive the money, and at maturity you repay the entire principal?

• A) simple interest method
• B) partial amortization method
• C) discount method
• D) add-on method
• E) none of the above

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Definitions:

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A neurological condition characterized by impaired comprehension and fluent but nonsensical speech, often due to damage in the brain's language comprehension area.

Comprehend Language

The ability to understand and interpret spoken or written language.

Produce Language

Produce language refers to the ability to use vocabulary and grammar to express thoughts and ideas effectively.

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