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Home Q & A Board Other Fields Homework Help Business Management
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stranahan stranahan
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7 years ago
If you borrow $100,000 at an annual rate of 8.00% for a 10-year period and repay the total amount of principal and interest due of $215,892.50 at the end of 10 years, what type of loan did you have?
A) Amortized loan
B) Compound loan
C) Discount loan
D) Interest-only loan
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
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flappunctualflappunctual
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7 years ago
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stranahan Author
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#2
7 years ago
Thank you very much for this. It's really helpful.
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