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QUESTION 4 Chuck Ponzi has talked an elderly woman into loaning him $38,000 for a new business venture. The elderly woman has, however, successfully passed a finance class and requires Chuck to sign a binding contract on repayment of the S36.000 with a nominal interest rate of 12% compounded monthly over the next 10 years. She left the method of repayment up to Chuck a. Determine the cash flow to the woman if Chuck chooses the amortized loan method. Payments 1-119 b. Determine the cash flow to the woman if Chuck chooses the interest-only loan method. Payment 120 c. Determine the cash fl ow to the woman if Chuck chooses the discount loan method. Payments 1-119: Payment 120: S

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