Homework Answers
Amortizing means loan will be repaid over regularly in equal payments.
Pure discount means loan will be given at a discount now and will repaid fully at the end of the loan period.
Lump sum means loan will be repaid at the end of the period instead of regular payments.
Interest only means over the period of the loan interest will be paid and at the end of the period full loan will be repaid.
Answer: Amortizing.
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