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Question 5 A $2,000 short-term loan was received on January 3^(rd )2024 . This loan is scheduled to be repaid as nine uniform weekly payments.
Question 5\ A
$2,000
short-term loan was received on January
3^(rd )2024
. This loan is scheduled to be repaid as nine uniform weekly payments. A grace period is granted for 5 weeks during which no repayments are required. The first repayment took place on February
15^(th )
and should continue for 8 more weekly payments.\ a] Create a cash flow diagram of the loan showing both the money received as loan and, in symbols, money paid back to the lender (
(R)/()
week
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