You have just taken out a 5 year loan from a bank to, Ask an Expert

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The timeline...

1. You have just taken out a five-year loan from a bank to buy an engagement ring. The ring costs $5,000. You plan to put $1,000 down and borrow $4,000. You will need to make annual payments of $1,500 at the end of each year. Show the timeline of the loan from your prospective.

How would the timeline differ if you created it from the bank's perspective?

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M9224954

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