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Which of the following are true of fixed payment loans? A . The borrower pays interest periodically and the principal at the maturity date. B

Which of the following are true of fixed payment loans?

.

The borrower pays interest periodically and the principal at the maturity date.

.

The borrower repays both the principal and interest at the maturity date.

.

Commercial loans to businesses are often of this type.

.

Installment loans and mortgages are frequently of the fixed payment type.

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