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Draw the cash flow diagram for City Utilities if it borrows $50K to be repaid over 10 years at an interest rate of 4% and:
(a) One final payment is made.
(b) Interest is paid annually, and the principal is paid at the end.
(c) $6164.55 is paid annually. What interest is paid in year 3?
(d) $5000 plus interest on the unpaid balance is paid each year.
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