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Interest-only loan (regufar interest payments each year and principal at maturity). Chuck Ponzi has takied an elderly woman into loaning him 540,000 tor a new

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Interest-only loan (regufar interest payments each year and principal at maturity). Chuck Ponzi has takied an elderly woman into loaning him 540,000 tor a new business venture. Sthe has, however, successfully passed a finance dass and requies Chuck to sign a binding contract on repayment of the $40, co0 with an annual interest rate of 100 \% over the next 20 years. Desermine the cash fow to the woman under an interest-only loan, in which Ponzi will pay the arnual interest euperse each yoar and pay the princpal back at the end of the contract What is the amourt of peyment that the woman will recere at the end of years 1 tivough 19

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