QUESTION 5 You borrow $10,000 today with interest payment 2(b) How much is the interest...
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QUESTION 5 You borrow $10,000 today with interest payment 2(b) How much is the interest payment for year 3? rate 7%, and you plan to pay the bank back with 8 equal QUESTION 6 You borrow $10,000 today with interest rate 7%, and you plan to pay the bank back with 8 eq payment 2(c) How much is the balance of principle at the end of year 8
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