Question: 1.)You borrow $1200 now and same amount every month for next 15 months. What is the amount you owe to the bank at end of

1.)You borrow $1200 now and same amount every month for next 15 months. What is the amount you owe to the bank at end of 2 years? If interest is 1% per month (compound monthly)? Draw a cash flow diagram from your point of view.

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