Question
What is an interest-only loan?
Multiple choice question.
It's a loan in which the borrower pays both interest and principal periodically.
It's a loan in which the borrower pays all of the interest owed when the bond matures.
It's a loan in which the borrower never repays the principal.
It's a loan in which the borrower pays interest periodically and repays the principal when the bond matures.
Multiple choice question.
It's a loan in which the borrower pays both interest and principal periodically.
It's a loan in which the borrower pays all of the interest owed when the bond matures.
It's a loan in which the borrower never repays the principal.
It's a loan in which the borrower pays interest periodically and repays the principal when the bond matures.
Answers
GPT-4o mini
The correct answer is:
**It's a loan in which the borrower pays interest periodically and repays the principal when the bond matures.**
**It's a loan in which the borrower pays interest periodically and repays the principal when the bond matures.**