$1.00 Timeline (finance)
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 down 1,000 and borrow 4,000. You will need to make annual payments of 1,000 at the end od 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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- Posted on Jun 24, 2012 at 12:30:15PM
Exercices_theme_03.doc (32K) (Preview)