You are looking to take out a $51,000 loan to pay for school. The loan would be a five-year loan. The lender offers you a 5% interest rate on the loan and also offers to structure it in one of three ways: a) As a discount loan b) As an interest-only loan c) As an amortized loan. Rounded to the nearest whole dollar, what will be your balance at the end of year 1. if you take the loan as a: a) discount loan? b) interest-only loan? c) amortized loan? Which of these loans will collect the lowest amount of interest over the life of loan? A. amortized loan Click to select your answer(s). Rounded to the nearest whole dollar, what will be your balance at the end of year 1 if you take the loan as a: a) discount loan? b) interest-only loan? c) amortized loan? Which of these loans will collect the lowest amount of interest over the life of loan? O A. amortized loan B. discount loan C. interest-only loan