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Financial Management FATIMA wants to borrow $50,000 for a period of 6 years. The lenders offers her a choice of three payment structures: 1) Pay

Financial Management FATIMA wants to borrow $50,000 for a period of 6 years. The lenders offers her a choice of three payment structures: 1) Pay all of the interest (10 % per year) and principal in one lump sum at the end of 6 years; 2) Pay interest at the rate of 10 % per year for 5 years and then a final payment of interest and principal at the end of the 6th year; 3) Pay 6 equal payments at the end of each year inclusive of interest and part of the principal. Under which of the three options will FATIMA pay the least interest and why? Calculate the total amount of the payments and the amount of interest paid under each alternative.?

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