Question: Principal Amount: $ 2 5 0 , 0 0 0 Amortization: 2 5 years, Interest Rate: 5 % , Annual Principal Amount: $ 1 0

Principal Amount: $250,000 Amortization: 25 years, Interest Rate: 5%, Annual Principal Amount: $10,000, Collateral: House, based on the loan details and payment schedule, what type of loan is this?
secured equal-amortizing loan
Secured loan with equal payment
Unsecured loan with equal payments
unsecured equal-amortizing loan.

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