Question: Construct a timeline from your perspective: You borrow $1,200 from the bank at a 5%/year interest rate payable at the end of each year, and

Construct a timeline from your perspective: You borrow $1,200 from the bank at a 5%/year interest rate payable at the end of each year, and you promise to repay principal as follows: $500 in 2 years, and $700 at final maturity in 4 years.

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