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3 2 Loans on which the interest is paid in advance are often called premium loans discount loans term deposits long-term loans Ver: 2.8.29 I 313 Nov 2017 17:36:37>) 8:31:56 AM MST
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Dear student...thank you for using homeworklib....correct answer is discount loan

Discount loan is a loan arrangement in which interest amount is deducted from the loan at the time when the loan is disbursed. this arrangement covers the interest due for the entire loan period

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