The most common way to repay a loan is to pay ______.
a. a lump sum of interest and principal at the end of the loan Reason: The most common way to repay a loan is to pay a single fixed payment every period, consisting of an interest payment and some amount of principle each period
b. just interest every period Reason: The most common way to repay a loan is to pay a single fixed payment every period, consisting of an interest payment and some amount of principle each period
c. interest plus a fixed principal amount every period Reason: The most common way to repay a loan is to pay a single fixed payment every period, consisting of an interest payment and some amount of principle each period.