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Assume a borrower is given the following options for repayment of a $ 1 0 0 , 0 0 0 loan: 5 - year amortizing

Assume a borrower is given the following options for repayment of a $100,000 loan: 5-year amortizing loan paying interest at 8.0 percent, 5-year non-amortizing loan at 8.0 percent, with principal due at maturity, and 5-year amortizing loan at 8.0 percent, with interest-only payments for years 1-3, and principal of $50,000 for years 4-5. All interest rates are per annum. Show the payments for all three loans, including interest and principal payments, and balances every year.

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