You are looking to take out a $53 ,000 loan to pay for school. The loan would be a five-year loan. The lender offers you a 8 % 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?nothing b) interest-only loan? nothing c) amortized loan?nothing Which of these loans will collect the lowest amount of interest over the life of loan? A. amortized loan B. interest-only loan C. discount loan