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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 interest of $8,000 at the end of each year prior to maturity and the final payment of $108,000 at the end of 10 years, then you have just repaid what type of loan?
A) Interest-only loan
B) Discount loan
C) Compound loan
D) Amortized loan
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
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monkfuzzymonkfuzzy
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7 years ago
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stranahan Author
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7 years ago
Thanks Smiling Face with Open Mouth and Tightly-closed Eyes
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