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As widgets go, you just bought a massively expensive widget and plan to borrow some of the money to cover it (5-year loan with annual

As widgets go, you just bought a massively expensive widget and plan to borrow some of the money to cover it (5-year loan with annual payments). You paid $5,000 for it. You will put a down payment of $1,000 and borrow $4,000. Your annual payments are $1,250 at the end of each year. Choose the correct timeline from both your and your bank's perspective?

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