Loan from bank to buy engagement ring

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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 of 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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Reference no: EM131884140

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