You have obtained a personal loan to be repaid by a series of seven equal payments. The

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You have obtained a personal loan to be repaid by a series of seven equal payments. The payments will be made at the end of every quarter. Draw a time diagram for this annuity. On the diagram, clearly label the date the loan was advanced, the first payment interval, the start of the annuity's term, each loan payment, the end of the annuity's term, and the total term of the annuity.

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