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Find the Present Value of a Loan with an Annual

Question 38

Multiple Choice

Find the present value of a loan with an annual interest rate of 6.3% and periodic payments of $749.94 for a term of 8 years, with payments made and interest charged 12 times per year.


A) $101,587.38
B) $56,437.43
C) $112,874.87
D) $45,149.95

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