Question: What is an interest - only loan? Multiple choice question. It is a loan in which the borrower pays the interest periodically and repays the

What is an interest-only loan?
Multiple choice question.
It is a loan in which the borrower pays the interest periodically and repays the principal when the loan matures.
It is a loan in which the borrower never repays the principal.
It is a loan in which the borrower pays both the interest and the principal periodically.
It is a loan in which the borrower pays all of the interest owed when the loan matures.

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