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)Interest-only loan
C)Discount loan
D)Compound loan

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The Answer of 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)Interest-only loan
C)Discount loan
D)Compound loan

If You Borrow $100,000 at an Annual Rate of 8