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In which type of loan does the borrower initially receive the present value of the future lump sum loan repayment amount? Pure discount loan: Both

In which type of loan does the borrower initially receive the present value of the future lump sum loan repayment amount?

Pure discount loan:

Both pure discount and interest

-

only loans

Amortized loan

Both interest

-

only and amortized loans

Interest

-

only loan.

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