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

Answer: A

Business

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The primary document used to negotiate the transaction between a buyer and seller is a:

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