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QUESTION 19 In which type of loan does the borrower initially receive the present value of the future lump sum loan repayment amount? A.Both interest-only

QUESTION 19

In which type of loan does the borrower initially receive the present value of the future lump sum loan repayment amount?
A.Both interest-only and amortized loans
B.Pure discount loan
C.Both pure discount and interest-only loans
D.Interest-only loan
E.Amortized loan

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