What Is the Type of Loan Where the Entire Interest

question 75

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:

Farmers'

Refers to anything pertaining to farmers or agriculture, often indicating possession, such as farmers' markets or farmers' cooperatives.

Feelings

Emotional states or reactions that are subjectively experienced by individuals, varying in intensity and type.

Secretary

An administrative aid in a company tasked with managing communications, maintaining files, and executing office tasks.

School's

School's denotes possession, referring to something that belongs to or is related to a school.