2. Your friend Dennis lends you $5000 to buy a used car. You promise to...
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2. Your friend Dennis lends you $5000 to buy a used car. You promise to pay him $100 per month, starting one month after the loan is made for five years (60 months). At the time of the last payment (end of month 60) you will additionally pay any remaining balance to retire the loan. Using an interest rate of 1% per month, draw the cash flow diagram for this loan from Dennis's viewpoint. Assign proper symbols to any unknown values
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