Which of the following is the simplest form of loan? Multiple choice question. A partially amortized loan An interest-only loan A pure discount loan An amortized loan

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter7: Credit Cards And Consumer Loans
Section7.4: Installment Loans
Problem 2CC
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Which of the following is the simplest form of loan?

Multiple choice question.

A partially amortized loan

An interest-only loan

A pure discount loan

An amortized loan

 

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