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plan 2: Pay principle and interest as a lump sum at end of third year b. PLAN 2 PLAN 2: Pay principle and interest as

plan 2: Pay principle and interest as a lump sum at end of third year

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b. PLAN 2 PLAN 2: Pay principle and interest as a lump sum at end of third year EOY Balance Interest for Interest Principle Total paid back Period paid back 0 $100,000.00 $0.00 $0.00 2 $0.00 $0.00 3 $0.00 TOTAL AMOUNT PAID BACK:3. i A company is buying a new machine for $100,000. Bank credit is used to finance the entire amount at a rate of 10% per year. (Namely, the interest rate is 10% per year on the unpaid balance (bakiye) of principal.) The company repay the debt in three years. Please ll in the tables below according to three different payment plans

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