Question: Need step by step solution please thanks The following table is an excerpt from a yield curve for a loan of 1.000 repaid by a

Need step by step solution please thanks

The following table is an excerpt from a yield curve for a loan of 1.000 repaid by a single payment at the end of the indicated term: Term of Loan (Years) Effective per Annum Interest Rate (%) 1.50 1.73 1.96 2.18 2.38 4 Sam borrows 1,000 from Lisa for one year, 1,000 from Susan for three years and 1,000 from Ralph for five years. What is the arithmetic sum of all of his loan repayments

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