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You have received a $10,000 loan from your bank for 10 years. If the bank charges you 5%
interest, how much do you need pay back to the bank at the end of each year if the loan is an
amortized loan.
2-
For the previous question, calculate the total amount of money that you have to pay back to the
bank if the loan is a discount loan.
3-
For the previous question, calculate the total amount of money that you have to pay back to the
bank if the loan is an interest-only loan.
4-
For the previous question, calculate the total amount of money that you have to pay pack to the
bank if the loan is an amortized loan,

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