Question: please help im stuck You are looking to take out a $57,000 loan to pay for school. The loan would be a five-year loan. The

please help im stuck please help im stuck You are looking to take out a $57,000

You are looking to take out a $57,000 loan to pay for school. The loan would be a five-year loan. The lender offers you a 9% 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 1l you take the loan asa: 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 OB. discount loan O c. interest-only loan

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