Question: You borrow $ 1 0 0 , 0 0 0 at an annual rate of 8 % for a 1 0 - year period and

You borrow $100,000 at an annual rate of 8% for a 10-year period and repay with 10 equal annual end-of-the-year payments of $14,902.95. You have just repaid what type of loan?

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