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Thank you! You are looking to take out a $54,000 loan to pay for school. The loan would be a ve-year loan. The lender offers

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You are looking to take out a $54,000 loan to pay for school. The loan would be a ve-year loan. The lender offers you a 3% interest rate on the loan and also offers to structure it in one of three ways: a} As a discount loan b}As an interestonly loan c) As an amortized loan. Rounded to the nearest Iwhole dollarI what will be your balance at the end of year 1 ifyou take the loan as a: a} discount loan? b} interestonly loan"? D c) amortized loan? :| Which of these loans will collect the lowest amount of interest over the life of loan? 0 A. disoount loan 0 B. interestonly loan 0 c. armrlized loan

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