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You have just taken out a four-year loan from a bank to buy a car. The ring costs $6000. You plan to put down $1000

You have just taken out a four-year loan from a bank to buy a car. The ring costs $6000. You plan to put down $1000 and borrow $5000. You will need to make annual payments of $1000 at the end of each year. Show the timeline of the loan from your perspective. How would the timeline differ if you created it from the banks perspective?

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