Suppose you pay only the interest on a loan. Will the loan ever be paid​ off? Why or why​ not? Question content area bot

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Suppose you pay only the interest on a loan. Will the loan ever be paid​ off? Why or why​ not? Question content area bot

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Suppose you pay only the interest on a loan. Will the loan everbe paid​ off? Why or why​ not?
Question content area bottom
Part 1
Choose the correct answer below.
A.
No. If only the interest is​ paid, the principal neverdecreases.
B.
Yes. All payments are split evenly between interest andprincipal.
C.
Yes. If only the interest is​ paid, the principal willdecrease over time.
D.
No. Interest increases consistently throughout the term of theloan.
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