You currently have a one-year-old loan outstanding on your car. You make monthly payments of...
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You currently have a one-year-old loan outstanding on your car. You make monthly payments of $350 You have just made a payment The loan has four years to go (ie. It had an original term of five years) Show the timeline from your perspective. How would the timeline differ if you created it from the bank's perspective? Which of the Tobowing loan timelines is from the bank's perspective? (Select the best choice below) OA Month 0 18 Cash Flow $350 $350 $350 $350 $350 B. Month 0 3 60 Cash Flow 5350 $350 $350 $350 $350 $350 OC Month 0 bols 2 3 40 $350 $350 tes Cash F OD Month $350 $350 5350 1 2 60 Cash Flow 5350 =$350 5350 5550 3350 $350
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