dreammartinez4358 dreammartinez4358

06-03-2024
Business

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How much could you borrow today in exchange for paying back $80,000 each year for 9 years, assuming an interest rate of 5% and the first payment occurs one year from now?
a) $589,754.13
b) $602,369.12
c) $615,836.22
d) $628,155.45

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