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Feb. 20, 2023•0 likes•2 views

Feb. 20, 2023•0 likes•2 views

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You have received a $10,000 loan from your bank for 10 years. If the bank charges you 5% interest, how much do you need pay back to the bank at the end of each year if the loan is an amortized loan. 2- For the previous question, calculate the total amount of money that you have to pay back to the bank if the loan is a discount loan. 3- For the previous question, calculate the total amount of money that you have to pay back to the bank if the loan is an interest-only loan. 4- For the previous question, calculate the total amount of money that you have to pay pack to the bank if the loan is an amortized loan, .

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- 1. You have received a $10,000 loan from your bank for 10 years. If the bank charges you 5% interest, how much do you need pay back to the bank at the end of each year if the loan is an amortized loan. 2- For the previous question, calculate the total amount of money that you have to pay back to the bank if the loan is a discount loan. 3- For the previous question, calculate the total amount of money that you have to pay back to the bank if the loan is an interest-only loan. 4- For the previous question, calculate the total amount of money that you have to pay pack to the bank if the loan is an amortized loan,