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2.what is the time value of money, perpetuity and annuity? Please make examples of them. If you borrow $20,000 from bank for 20 years, interest

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2.what is the time value of money, perpetuity and annuity? Please make examples of them. If you borrow $20,000 from bank for 20 years, interest rate is 10% per year (compounding basis), try to explain the difference between equal payment every month and equal principal payment every month. (20%)

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