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Interest-only loan (regular interest payments each year and principal at maturity). Chuck Ponzi has talked...

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Interest-only loan (regular interest payments each year and principal at maturity). Chuck Ponzi has talked an elderly woman into loaning him $10,000 for a new business venture. She has, however, successfully passed a finance class and requires Chuck to sign a binding contract on repayment of the $10,000 with an annual interest rate of 1 1 % over the next 5 years. Determine the cash flow o the woman under an interest on y oan, in which Ponz pay he annual interest expense each year and pay the principal back at the end of the contract

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