Jeffrey takes out a personal loan for $10,500 at 6% to get an associate's degree. He gets a raise and a promotion immediately after graduation. He pays the loan off over the next two years and during that time gets another promotion. How would you categorize this debt? 1. Toxic, compound, secured, installment 2. Good, simple, unsecured, installment 3. Bad, compound, unsecured, revolving 4. Good, simple, secured, revolving