Which of the following are true of simple loans?
A.
A simple loan requires the borrower to repay the principal and interest at the maturity date
B.
Installment loans and mortgages are frequently of the fixed payment type.
C.
The borrower repays the loan by making the same payment every month.
D.
Both (a) and (b) of the above
E.
Both (b) and (c) of the above