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Interest-only loan (regular interest payments each year and principal at maturity). Chuck Ponzi has talked an elderly woman into loaning om 535,000 for a new

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Interest-only loan (regular interest payments each year and principal at maturity). Chuck Ponzi has talked an elderly woman into loaning om 535,000 for a new business venture Sheras, however, ocessfully passed a finance class and requires Chuck to sign a binding contract on repayment of the 535,000 with an annual interest rate of 8% over the next 20 year Determine the cash flow to the woman under an interest-only loan, in which Ponzi will pay the annual interest expense each year and pay the pronal back at the end of the contract What is the amount of payment that me woman will receive at the end of years 1 through 197 $ 2800 (Round to the nearest dolar) What is the amount of payment that the woman will receive at the end of the loan in your 207 Round to the nearest dolar)

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