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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 with 10 equal annual end-of-the-year payments of $14,902.95, then you have just repaid what type of loan?
A) Interest-only loan
B) Amortized loan
C) Discount loan
D) Compound loan
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
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Awful_HomieAwful_Homie
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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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