If you borrow $40,000 at an annual interest rate of 1196 for seven years, what is the annual payment (prior to maturity) on an interest-only type of loan? $12.161.29 $6,000.00 $4,400.00 $8.333.33 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? Amortized loan Interest-only loan Discount loan Compound loan