Question: The home equity loan payment is based on 1 0 . 4 3 % APR annualized over a 1 0 - year term. This

The home equity loan payment is based on "10.43% APR annualized over a 10-year term." This means that the loan is amortized at 10.43% with monthly payments.
Table 1t
\table[[Loan Type,\table[[Current Monthly],[Payment Example]],\table[[Discover Home],[Equity]]],[\table[[Loan],[Amount]],\table[[Monthly],[Payment]],\table[[Loan],[Amount]],\table[[Monthly],[Payment]]],[Bank cards,$10,000,$186.00,PAID OFF,NONE],[Auto loan,$12,500,$320.03,PAID OFF,NONE],[\table[[Department],[store cards]],$2,500,$78.58,PAID OFF,NONE],[\table[[Discover home],[equity line of],[credit]],,,$25,000,$217.29
 The home equity loan payment is based on "10.43% APR annualized

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