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If you borrow OMR 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 OMR
If you borrow OMR 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 OMR 14.902.95. then you have just repaid what type of loan? Select one: a Compound loan b. Pure discount loan O c. Interest-only loan O d. Amortized loan Clear my choice
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