Question: etitia borrowed $ 6 , 0 0 0 from her bank two years ago. The loan term is four years. Each year, she must repay

etitia borrowed $6,000 from her bank two years ago. The loan term is four years. Each year, she must repay the bank $1,500 plus the annual interest. Which type of loan does she have?
Multiple Choice
Amortized
Pure discount
Interest-only
Blended discount
Complex

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