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Construct a timeline from your perspective: You borrow $1,000 from the bank at a 6%/year interest rate payable at the end of each year, and

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Construct a timeline from your perspective: You borrow $1,000 from the bank at a 6%/year interest rate payable at the end of each year, and you promise to repay principal as follows: $600 in 2 years, and $400 at final maturity in 4 years

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