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1. (3 points) You borrow $130,000 from a bank. There are no payments on the loan until the end of the 4th year. The firs
Posted: Sun Jun 05, 2022 11:42 am
by answerhappygod
- 1 3 Points You Borrow 130 000 From A Bank There Are No Payments On The Loan Until The End Of The 4th Year The Firs 1 (16.76 KiB) Viewed 53 times
1. (3 points) You borrow $130,000 from a bank. There are no payments on the loan until the end of the 4th year. The first and second payments are due 4 and 5 years, respectively, from today in the amounts of $15,000 each. Starting at the end of year 6, a series of four annual end of year payments will be made. The first of these is $X. Each subsequent payment is $5,000 more than the previous payment. Draw the cash flow diagram from your perspective.