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Business, 09.07.2020 01:01 jaymoney0531

You have just taken out a five-year loan from a bank to buy an engagement ring. The ring costs $ 5 comma 500. You plan to put down $ 1 comma 600 and borrow $ 3 comma 900. You will need to make annual payments of $ 1 comma 150 at the end of each year. Show the timeline of the loan from your perspective. How would the timeline differ if you created it from the bank's perspective?

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You have just taken out a five-year loan from a bank to buy an engagement ring. The ring costs $ 5 c...

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