Question: was given these questions to come up with an example on our own and to answer the questions with it. I need help with E,

was given these questions to come up with an example on our own and to answer the questions with it. I need help with E, F, and G.

with E, F, and G. a. Who is the maker of the

a. Who is the maker of the loan? b. Who is the payee of the loan? C. How much is the principal in dollars? d. What is the interest rate? e. How long is the interest period in years? f. Is the interest rate an annual rate? g. When is the maturity date? An example would be a student applying for a college loan, a. Who is the maker of the loan? the debtor in this case would be the student. b. Who is the payee of the loan? the payee would be the bank or a financial institution owned by the govemment. C. How much is the principal in dollars? $57,500 d. What is the interest rate? 4.53%

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